Abstract
The globalisation process of SMEs depends on the level of development of their country and on their individual level of development. Factor-driven SMEs, are mainly located in developed countries, but they could be in developed countries, especially in rural environment. Efficiency- and innovation-driven SMEs appear in both efficiency- and innovation-driven countries. Each group of SMEs is illustrated by analysis of case studies.
Keywords
Global market SMEs Stage of development Factor driven Efficiency driven Innovation driven Informal economy Formal economy Global Value chain Agricultural sector Mining sectorReferences
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