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Conclusion: Balancing the Scales
Globalization presents a complex array of challenges and opportunities for SMEs across different countries. While the potential for growth and innovation is substantial, the accompanying risks and pressures cannot be underestimated. For SMEs to truly benefit from globalization, support from governments and international bodies in terms of fair trade practices, access to finance, and training in technology and management practices is crucial. As the global economy continues to evolve, finding the right balance will be key to enabling SMEs not just to survive but to thrive on the world stage.
