Going Global: Promoting the Internationalization of SMEs in Latin America and the Caribbean

March 1, 2014

This report offers practical recommendations for policymakers, companies, and practitioners on how to reduce each one of these barriers. It also presents three areas that can be leveraged to internationalize SMEs: global value chains, the LAC diaspora in the United States, and e-commerce. Recognizing the synergistic effect that these policies would have in reducing export barriers, the report suggests that countries shift their attention from providing isolated support mechanisms to firms, to adopting a coordinated set of policies and introducing consistent institutional innovations.

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Topics: SMALL AND MEDIUM SIZED ENTERPRISES (SMES) ELECTRONIC COMMERCE RULES OF ORIGIN (ROO) REGIONAL INTEGRATION GLOBAL VALUE CHAINS (GVCS)

Regions: LATIN AMERICA AND THE CARIBBEAN (LAC)

Authors: REENA B. GORDON KATI SOUMINEN

Publishing Institution: INTER-AMERICAN DEVELOPMENT BANK

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