Binod Anand
Reverse Globalization by Internationalization of SME's: Opportunities and Challenges Ahead
small mediumsized enterprises smes powerhouse growth jobs backbone nursery entrepreneurship globally universally acknowledged major contributors gdp even larger contributors exports employment play crucial role socioeconomic profile nations developing countries 90 per cent firms outside agricultural sector smes micro enterprises generating significant portion gdp paper would dwell upon opportunities challenges smes internationalization policy framework finance market access along sociocultural norms special perspective agrobased biotech led smes among major problem identified absence adequate timely banking finance limited capital access international market knowledge management smes play critical role economic social development emerging markets role needs strengthened view contribution towards fostering equitable growth employment generation imperative enhance smes competitiveness requires creation enabling legal regulatory administrative environment access finance capable institutional structures importantly human capital order transform smes agent reverse globalisation innovation processes policy imperative smes must embrace global changes cultural norms survive find place global competitive environment important change needed attitude stake holders mindset institutions engaged task small enterprise development efforts made take full advantage opportunities made available globalization possible enhancing efficiency taking financial literacy mission model