My Ssec Capstone Project Although complex

Although complex

Although complex, internationalization is of vital importance to SMEs and for the competitiveness of the local economy. Internationalized SMEs perform better than SMEs that focus only on their domestic market. There are various channels for SMEs to internationalize, and they may internationalize their business activities either gradually (i.e. incremental internationalization SMEs) or immediately after the business establishment (i.e. born-global SMEs). Many studies have identified barriers to SME internationalization and recommended policies to address these barrier. However, research on the extent and process of SME internationalization still lags behind, and this may compromise the effectiveness of policies that are targeted to facilitate internationalization.