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Globalization of Production and the Competitiveness of Small and Medium-sized Enterprises in Asia and the Pacific: Trends and Prospects

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  • United Nations Economic and Social Commission for Asia and the Pacific (ESCAP)
    (United Nations Economic and Social Commission for Asia and the Pacific (ESCAP))

Abstract

This paper focuses on a key dynamic that is changing the business environment: the globalization of production, which has major implications for the growth prospects of SMEs in Asia and the Pacific. The current global economic environment is characterized by trade liberalization, rapidly changing technology, and growing and ever-mutating demand for higher-quality and differentiated intermediate and final products and services that must meet increasingly stringent international standards. Traditional SMEs find it difficult to stay competitive in such an environment, even in their domestic markets. Conversely, by facilitating linkages with foreign buyers and large multinational enterprises, the forces of globalization loosen the constraints of domestic economies and markets, and provide local SMEs with potential access to globally distributed assets, including information, technology, skills, capital and markets.

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Bibliographic Info

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This book is provided by United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) in its series STUDIES IN TRADE AND INVESTMENT with number tipub2540 and published in 2009.

Volume: 65
Handle: RePEc:unt:ecbook:tipub2540

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Keywords: SMEs; Asia; Pacific; information; technology; globalization;

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References

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  1. Gries, Thomas & Naude, Wim, 2008. "Entrepreneurship and Structural Economic Transformation," Working Paper Series RP2008/62, World Institute for Development Economic Research (UNU-WIDER).
  2. Xu, Bin, 2000. "Multinational enterprises, technology diffusion, and host country productivity growth," Journal of Development Economics, Elsevier, vol. 62(2), pages 477-493, August.
  3. Anh Ngoc Nguyen & Ngoc Quang Pham & Chuc Dinh Nguyen & Nhat Duc Nguyen, 2008. "Innovation and Export of Vietnam's SME Sector," Working Papers 09, Development and Policies Research Center (DEPOCEN), Vietnam.
  4. Prema-Chandra Athukorala, 2008. "China's integration into global production networks and its implications for export-led growth strategy in other countries in the region," Departmental Working Papers 2008-04, The Australian National University, Arndt-Corden Department of Economics.
  5. Ayyagari, Meghana & Beck, Thorsten & Demirguc-Kunt, Asl, 2003. "Small and medium enterprises across the globe : a new database," Policy Research Working Paper Series 3127, The World Bank.
  6. Robert Cressy, 2006. "Why do Most Firms Die Young?," Small Business Economics, Springer, vol. 26(2), pages 103-116, 03.
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