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Globalization and the Growth of Small and Non-dominant Firms: Case Evidence from Scotland

In: The Globalization of Multinational Enterprise Activity and Economic Development

Author

Listed:
  • Neil Hood

    (University of Strathclyde)

  • Stephen Young

    (University of Strathclyde)

  • Jonathan Slow

    (Scottish Enterprise)

Abstract

Although there is much debate as to the precise characteristics of a ‘global company’ , it is generally accepted that there are relatively few truly global enterprises. Despite this fact, globalization can be regarded as a ubiquitous process which will impact virtually all firms, which require in turn strategic transformation in order to ensure survival and growth (Fraser and Oppenheim, 1997). Thus, it is necessary to differentiate between global competition and global firms: a firm can face global competition without being a multinational or global enterprise. Research on this subject, involving a wider range of firms than hitherto, is, therefore, undoubtedly necessary. In a similar way, most of the research and writing from an economic development perspective has related to host as opposed to home-country interests. But concerns about how to grow global companies and what their economic development impact will be are beginning to figure on the policy agendas of some countries.

Suggested Citation

  • Neil Hood & Stephen Young & Jonathan Slow, 2000. "Globalization and the Growth of Small and Non-dominant Firms: Case Evidence from Scotland," Palgrave Macmillan Books, in: Neil Hood & Stephen Young (ed.), The Globalization of Multinational Enterprise Activity and Economic Development, chapter 5, pages 106-130, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-59916-1_5
    DOI: 10.1057/9780230599161_5
    as

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