Small and Medium-Sized Enterprises in the Global Economy

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  • Format: Hardcover
  • Copyright: 1999-04-01
  • Publisher: Univ of Michigan Pr
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Entrepreneurship and globalization are two much-examined forces as we enter the new millennium--yet very little has been published on the intersection of small and medium-sized enterprises (SMEs) and the global economy. To close the gap, this volume delves into the intricate roles and consequences of such businesses on both global and domestic economies. The first part of the volume provides an overview of the phenomenon of globalization, arguing that entrepreneurial discovery and technological change lead to globalization, which in turn leads to further opportunity for entrepreneurial discovery--no less for SMEs than for multinational corporations. In part two, the essays examine the role of SMEs in the global economy and why they are thriving. Part three reviews the roles of SMEs and innovators and examines their roles in direct foreign investment. Part four explores the role of technological diversity and knowledge spillovers as a way to explain the superior innovative performance of SMEs. Part five looks at the role of SMEs in technology transfer. Finally, part six examines the theoretical and policy implications of the international activities of SMEs, suggesting that policies should aim to reduce the costs in international expansion for SMEs. This volume will provide the foundation for further study in SMEs and globalization. It will appeal to scholars and students in both international business and economics. Zoltan J. Acs is Professor of Economics and Finance, University of Baltimore. Bernard Yin Yeung is Professor of International Business, University of Michigan.

Table of Contents

Preface vii
Introduction: Small and Medium-Sized Enterprises, Technology, and Globalization 1(14)
Zoltan J. Acs
Part 1. The Global Economy
New and Small Firms in Expanding Markets
Paul D. Reynolds
Reconfiguring the Boundaries of International Business Activity
John H. Dunning
Part 2. Small and Medium-Sized Enterprises, Innovation, and Foreign Direct Investment
The Internationalization of Small and Medium-Sized Enterprises
Zolton J. Acs
Randall Morck
J. Myles Shaver
Bernard Yeung
Alliance Strategies of Small Firms
Benjamin Gomes-Casseres
Small Firms as International Players
Tomas O. Kohn
Part 3. Technological Diversity and Knowledge Spillovers
The Exploration of Technological Diversity and Geographical Localization in Innovation
Paul Almeida
Bruce Kogut
The Production, Transfer, and Spillover of Technology: Comparing Large and Small Multinationals as Technology Producers
Lorraine Eden
Edward Levitas
Richard J. Martinez
Part 4. Technology Transfer in the Global Economy
International Technology Transfer by Small and Medium-Sized Enterprises
Peter J. Buckley
Conclusion: Small and Medium-Sized Enterprises in the Global Economy
Zoltan J. Acs
Bernard Yeung
Contributors 175(2)
Index 177

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