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Globalization and SMEs: Introduction and Conclusion

In: Information and Communication Technologies in the Context of Globalization

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  • Kaushalesh Lal

Abstract

Industry is the engine of growth and one of the necessary conditions required to perform this role successfully include technological progress. For a long time several countries, particularly the developing ones, have struggled to determine appropriate technology and innovations, which promise high pay-offs. The advent of Information and Communication Technologies (ICTs) in this context has come as a technological revolution, which has enabled even some of the developing countries like India to make their presence felt in the world economy. It allows a reduction in coordination costs and leads to efficient electronic markets. Significant returns on ICT investments are found both in developing and developed countries. These benefits range from employment, to productivity gains, consumer surplus, and improvement in product quality.

Suggested Citation

  • Kaushalesh Lal, 2007. "Globalization and SMEs: Introduction and Conclusion," Palgrave Macmillan Books, in: Information and Communication Technologies in the Context of Globalization, chapter 1, pages 1-15, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-59787-7_1
    DOI: 10.1057/9780230597877_1
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