REVIEWING THE PROCESSES OF INTERNATIONALIZING A SMALL AND MEDIUM ENTERPRISE

Business is dynamic and rapidly changing, so global markets were previously the playing field of multinational corporations (MNCs), while small and medium enterprises (SMEs) were local; however, the removal of imposed barriers and recent technological advances in manufacturing, transportation, and communications have endorsed SMEs and international entrepreneurs (IEs) global access. SMEs and IEs are increasingly fueling economic growth and innovation, and these trends are presenting both opportunities and challenges to both MNCs and SMEs in the global arena. In this article, I will try to explain what is the internationalization of SMEs and what are the barriers they face.