Navigating Globalization: Outward FDI By Smes From The Global South – An Integrated Literature Review

Abstract

Purpose – The global economy has acknowledged the significance of small and medium-sized enterprises (SMEs). The objective of this project is to conduct a comprehensive review of studies on outbound FDI by SMEs from developing countries from 2010 to, with the objective of identifying research deficiencies and establishing a research agenda for the future. This review will be conducted from 2010 to 2022.
Design/methodology/approach – The authors used a three-step methodology for systematic review: first, the PRISMA technique was used to select articles; second, the Biblioshiny software was used for bibliometric analysis; and third, the ADO (Antecedents, Decisions, Outcomes) framework was used to analyse the literature.
Findings – The study discover various areas that have been overlooked in past study on the internationalisation of SMEs from developing nations, particularly the variables influencing their growth and internationalisation.
Originality/value – This review distinguishes itself by emphasising on the factors driving the growth of SMEs in developing countries and synthesising the difficulties confronting those SMEs in a methodical manner. Thus, the authors hope to establish a comprehensive foundation for scholars working in this field. This review aims to provide deeper insights that will enable us to contribute to the field's advancement.