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Global Industrial Restructuring: Implications for Small Firms

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  • Kentaro Sakai

Abstract

Global industrial restructuring in the current era is characterised by an increase in cross-border strategic alliances, mergers and acquisitions (M&As) and other types of business networking. This presents new international opportunities for small and medium-sized enterprises (SMEs). Cross-border business networking allows SMEs to expand their markets and distribution channels, to realise economies of scale and scope in products and processes, and to profit from the sale and licensing of technology-based assets. Governments can help SMEs realise the benefits of global restructuring by maintaining a flexible business environment and openness in foreign investment and trade, fostering inter-firm networking, and upgrading SME capabilities to participate in international networks and foreign markets. This paper assesses the drivers of global industrial restructuring and the impacts on small firms. It presents a detailed sectoral analysis of small-firm participation in cross-border ... Les conséquences de la restructuration industrielle mondiale sur les petites entreprises La restructuration industrielle à l’échelle mondiale se caractérise aujourd’hui par une multiplication des alliances stratégiques et fusions-acquisitions (F&A) transfrontalières ainsi que par le développement d’autres types de réseaux d’entreprises. Cette évolution ouvre aux petites et moyennes entreprises (PME) de nouvelles perspectives au niveau international. Les réseaux d’entreprises transfrontaliers leur permettent d’élargir leurs marchés et leurs circuits de distribution, de réaliser des économies d’échelle et de gamme au niveau des produits et des procédés et de retirer des bénéfices de la vente d’actifs à forte intensité technologique et de la concession de licences. Les pouvoirs publics peuvent aider les PME à recueillir les fruits de la restructuration industrielle mondiale en veillant à assurer aux entreprises des conditions d’activité souples en même temps qu’une certaine ouverture aux échanges et aux investissements étrangers en encourageant la formation de réseaux ...

Suggested Citation

  • Kentaro Sakai, 2002. "Global Industrial Restructuring: Implications for Small Firms," OECD Science, Technology and Industry Working Papers 2002/4, OECD Publishing.
    • Handle: RePEc:oec:stiaaa:2002/4-en
    DOI: 10.1787/067747507888
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    Cited by:

    1. Charlie Karlsson & Gunther Maier & Michaela Trippl & Iulia Siedschlag & Gavin Murphy, 2010. "ICT and Regional Economic Dynamics: A Literature Review," JRC Research Reports JRC59920, Joint Research Centre.
    2. Nicoleta Isac & Waqar Badshah, 2020. "BARRIERS AND WAYS TO ACHIEVE BUSINESS GROWTH OF THE EXPORTS FOR SMEs," Romanian Economic Business Review, Romanian-American University, vol. 15(1), pages 7-15, March.
    3. Charlie Karlsson & Gunther Maier & Michaela Trippl & Iulia Siedschlag & Robert Owen & Gavin Murphy, 2008. "ICT Diffusion, Innovation Systems, Globalisation and Regional Economic Dynamics: Theory and Empirical Evidence," Papers WP233, Economic and Social Research Institute (ESRI).

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