International Journal of Business and Social Science

ISSN 2219-1933 (Print), 2219-6021 (Online) DOI: 10.30845/ijbss

The Impact of Globalization on SMEs in Emerging Economies: A Case Study of Zambia
Dickson Mwika

Globalization in business has diversified opportunities in the business world. The swelling competition and demand has strained players in the market place that has had notable bearing in most economies. Most industrialized developed economics’ growth in the world has thrived through well-managed and strengthened Small Medium Enterprises (SMEs). Although SMEs have been the key drivers of economic growth in most emerging economies, the economic impact of globalization has affected their prosperity positively and negatively. This study focused on determining whether globalization has had an impact on SMEs in emerging economies in the context of Zambia. A better understanding on impacts of globalization should help stakeholders to direct their scarce resources to combat on what might impinge their success. The study utilized the mixed method technique combining qualitative and quantitative research methods. The sample size comprised 104 participants across fifty (50) SMEs operating in Zambia. The study found that globalization has affected these SMEs negatively.

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