Background
Small and medium-sized enterprises (SMEs) are the economic linchpin of many economies and play a crucial role in economic growth and job creation.
However, relative to their contribution to national and local economies they are under-represented in international trade.
Greater internationalization provides SMEs the opportunity to achieve economies of scale, expand market share and increase productivity.
Additionally, SME participation in trade can enhance a firm’s information flows and learning possibilities and introduce new business practices and more advanced technology, leading to greater growth and earning potential.
Therefore, SME internationalization is a potent way of accelerating economic development.
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