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Globalization and the Future Role of Small and Medium Sized Enterprises

  • Pontus Braunerhjelm

Abstract

A significant characteristic of ”industrial organisation” in the postwar era, especially up to the 1980s, is the establishment of large international firms designed to mass-produce standardized goods. For a number of reasons, traditional wisdom has regarded production by smaller units as inferior, with small firms being expected to more or less wither away. However, since the beginning of the 1970s the increasing role of small and medium-sized enterprises (SMEs) in terms of employment and value added has prompted a revaluation of the importance of SMEs.1

Keywords

Foreign Direct Investment Small Business Small Firm Large Firm Multinational Enterprise 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag Berlin · Heidelberg 1993

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  • Pontus Braunerhjelm

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