The McGill International Entrepreneurship series
Edited by Hamid Etemad
Chapter 13: Exploring the ambience of “international entrepreneurship” among SMEs in India
There is an urgent need to create an ambience of international entrepreneurship to meet the challenges and explore opportunities of liberalization and globalization, which have led to an economic turbulence sweeping all the developing nations. This entrepreneurship is perceived to bring benefits at both the macro level of economic development and the micro level of personnel development. Since entrepreneurial vision is one of the important forces for driving innovations, increasing market efficiencies and responding to challenges and opportunities, the small and medium-sized enterprises (SMEs) have a vital role to play in the social and economic development of the country. International economics is assuming significant importance in the development of all those countries which in the last several decades have taken significant steps to promote global trade through agreements, alliances and partnerships all over the world. While international trade has been present throughout much of history, its economic, social and political importance have only been on the rise in recent times. In developing countries like India, small-scale industry is the potent way of generating employment, income, wealth and a tax base with comparatively low investment.
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