Global Investment, Local Growth: The Dynamics of FDI and SMEs Linkages

SUMMARY
This book delves into the intricate interplay between Foreign Direct Investment (FDI) and Small and Medium Enterprises (SMEs), illustrating how their synergy catalyses local economic growth and resilience in an increasingly globalized world. FDI, as a conduit for capital, technology, and market access, has the potential to transform economies, particularly when integrated with SMEs, which serve as the backbone of local markets due to their contributions to employment, innovation, equitable development, etc. The book is structured to explore the principles of FDI, types such as Greenfield and M&A investments, and their motivations. It highlights the unique role of SMEs in fostering local growth, emphasizing the challenges they face in adapting to the demands of global partnerships. The core analysis focuses on the benefits FDI brings to SMEs, including employment generation, skill enhancement, technology transfer, and expanded market access, supported by real-world case studies from sectors, like- manufacturing, technology, and agriculture. Additionally, the book addresses challenges and risks in FDI-SME linkages, including dependency risks, policy barriers, and the volatility of global markets. It also examines successful policy frameworks and global best practices, featuring insights from developed and emerging markets, like Ireland, Vietnam, and South Korea, etc. The book also explores trends, like- digitalization, sustainability, and post-pandemic resilience, providing a roadmap for policymakers, business leaders and investors. Through in-depth analysis, case studies, and practical strategies, my work serves as a vital resource for fostering inclusive, sustainable, and dynamic economic development through FDI-SME partnerships.