Small and medium sized enterprises (SMEs) in emerging markets Essay

Small and intermediate sized enterprises (SMEs) in uphill markets - Essay ExampleIn addition to the challenges and support systems for SMEs in emerging markets, technology is some other focus of attention and how it can be used to enhance the growth of SMEs in emerging markets. This is because the global market straight off is mainly influenced by constant changes in technology. Further, the development SMEs within developing markets also require R&D as a way of enhancing innovation to image that products from emerging markets compete at the same level with products from industrialized nations. This paper also discusses how the information from the writings can be used in future to improve the prospect of entrepreneurs and that of SMEs within emerging markets.SMEs today contribute towards new investments across the globe and thus, the need for various stakeholders to shift their focus in this emerging sector. SMEs normally lack the resources at the disposal of large firms to i nvest in difficult markets. However, numerous opportunities last for SMEs in terms of investing in developing markets. For example, South Sudan, a new entrant in the global market presents abundant opportunities for SMEs. In industrialized nations, SMEs have a significant impact on the economy however, this is not the same in the emerging and underdeveloped countries. This is because SMEs are faced with a yield of constraints that include poor infrastructure, collateral requirements that are sometimes considered unrealistic and high administrative costs. In addition, monetary constraint is seen as a major hindrance for the development of SMEs in emerging economies1.On another note, where the SME sector is weak, this also impact negatively on job opportunities, innovation and a countrys GDP. In this sense, establishing support structures for SMEs result in various benefits for the emerging markets. This is because supporting SMEs growth