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Strategies for re-positioning small and medium scale enterprises in Nigeria for global competitiveness

Author

Listed:
  • Christopher Ehinomen

    (Department of Economics and Business Studies Redeemer’s university, Redemption City, Mowe, Ogun State, Nigeria)

  • Adepoju Adeleke

    (Department of Economics and Business Studies Redeemer’s university, Redemption City, Mowe, Ogun State, Nigeria)

Abstract

International trade liberalization and the general globalization of the world economy over the past two decades have meant that all countries have to focus attention on ensuring that their industries are globally competitive. In order to derive maximum benefits from the changing world economics order for now, Nigeria is yet to derive maximum benefits from the globalization of the world economy and international trade liberalization, due largely to mirage of problems confronting her industries especially the small and medium scale enterprises (SMEs) sector of the economy. These problems are constraining the sector from being effective not only in the domestic market but also at the international. This paper calls for re-positioning of Nigeria SMEs for global competitiveness. The options and strategies for re-positioning the sector are the main focus of the paper.

Suggested Citation

  • Christopher Ehinomen & Adepoju Adeleke, 2012. "Strategies for re-positioning small and medium scale enterprises in Nigeria for global competitiveness," E3 Journal of Business Management and Economics., E3 Journals, vol. 3(7), pages 266-274.
    • Handle: RePEc:etr:series:v:3:y:2012:i:7:p:266-274
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    Keywords

    Trade; World economy; SMEs;
    All these keywords.

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