Table of Contents

Emerging Paradigms in International Entrepreneurship

Emerging Paradigms in International Entrepreneurship

The McGill International Entrepreneurship series

Edited by Marian V. Jones and Pavlos Dimitratos

Emerging Paradigms in International Entrepreneurship identifies key themes that collectively demonstrate the convergence of thinking at the interface between the disciplines of international business and entrepreneurship. These are: development of the field and the effects of international entrepreneurship on a new economy; conceptual and paradigmatic developments; international entrepreneurship and the internet as a developing research agenda; contacts links and networks as process driven internationalisation; cross-sectoral, cross-national and cross-cultural comparisons of entrepreneurship; and the experiential emphasis in entrepreneurial internationalisation.

Chapter 6: Is the Globe Becoming Small or is the Small Becoming Global?

Niina Nummela

Subjects: business and management, entrepreneurship, international business

Extract

Globalization and internationalizing SMEs Niina Nummela INTRODUCTION Globalization has become a buzzword of everyday life, particularly from the viewpoint of business. Usually, as in this study, it refers to the changes in the way nations, regions, organizations, groups and individuals interact across national borders (Rondinelli and Behrman, 2000). This development is due to the increasing interdependence of markets and production in various countries through trade in goods and services, cross-border flows of capital and exchange of technology (Nunnenkamp et al., 1994). As a result, it is expected that the importance of borders and boundaries will decrease (Knight, 2000; Parker, 1996) and new linkages, structures and relationships will take the place of the traditional ones in the world economic system (Acs and Yeung, 1999). The phenomenon as such is not new. This development has continued since the eighteenth century, as Kindleberger (2000) points out in his article on the roots of globalization. Globalization is indeed an ongoing process, but the pace varies. Political decisions and crises, such as major wars, have impeded it, whereas recent technological developments have stimulated it notably. In addition to the macroeconomic interpretation of globalization, the concept has also been applied on a company level for diverse purposes. Levitt (1983) used the term 20 years ago when arguing that national and regional preferences are disappearing and that the world will become a single marketplace. At that time the discussion led to the debate on company strategies and whether the firm should standardize or differentiate its operations on...

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