Globalization and Its Implications on the Growth of Small Medium Enterprises (SMEs) in Western Uganda: A Case of Selected Districts in Western Uganda

Globalization, characterized by greater economic, political and cultural integration and dependence, has been widely discussed and practiced in the last two decades. The study sought to investigate the implications of globalization on the growth of SMEs in western Uganda, Particularly how globalizat...

Full description

Saved in:
Bibliographic Details
Main Authors: Eton, Marus, Ayiga, Natal, Constant, Okello Obura, Fabian, Mwosi, Gilbert, Uwonda
Format: Article
Published: International Journal of Research in Management, Economics and Commerce. 2019
Subjects:
Online Access:http://hdl.handle.net/20.500.12493/132
Tags: Add Tag
No Tags, Be the first to tag this record!
_version_ 1800403074767912960
author Eton, Marus
Ayiga, Natal
Constant, Okello Obura
Fabian, Mwosi
Gilbert, Uwonda
author_facet Eton, Marus
Ayiga, Natal
Constant, Okello Obura
Fabian, Mwosi
Gilbert, Uwonda
author_sort Eton, Marus
collection KAB-DR
description Globalization, characterized by greater economic, political and cultural integration and dependence, has been widely discussed and practiced in the last two decades. The study sought to investigate the implications of globalization on the growth of SMEs in western Uganda, Particularly how globalization affected the productivity and innovation of SMEs in western Uganda. The researcher adopted a cross sectional study design. The Data was collected by the use of structured and closed ended questionnaire. The findings revealed that businesses dealing in imported commodities are fast-growing and register tangible growth results compared to those dealing in locally manufactured commodities. Imported commodities seem not to suit the interests of most Ugandans, perhaps because some are not durable. The study further established that government finds it very difficult to control all the commodities that enter the Ugandan market. The study therefore recommends that Uganda Revenue Authority, under its Anti-Smuggling Unit, should ensure vigilance at border points to reduce the inflow of unauthorized commodities which flood Ugandan market. The Ministry of Trade, Commerce and Industry should step out to protect local firms against competition from foreign producers, particularly those dealing in similar products. Government should lower interest rates through her fiscal and monetary policies to allow SMEs access credit at affordable rates. There is also need to examine the extent to which Uganda’s membership to the East African Community boosts growth of SMEs since all the member countries have almost similar competitive economic advantages. Keywords: Globalization, growth, SMEs, Western Uganda
format Article
id oai:idr.kab.ac.ug:20.500.12493-132
institution KAB-DR
publishDate 2019
publisher International Journal of Research in Management, Economics and Commerce.
record_format dspace
spelling oai:idr.kab.ac.ug:20.500.12493-1322024-01-17T04:46:15Z Globalization and Its Implications on the Growth of Small Medium Enterprises (SMEs) in Western Uganda: A Case of Selected Districts in Western Uganda Eton, Marus Ayiga, Natal Constant, Okello Obura Fabian, Mwosi Gilbert, Uwonda Globalization, growth, SMEs, Western Uganda Globalization, characterized by greater economic, political and cultural integration and dependence, has been widely discussed and practiced in the last two decades. The study sought to investigate the implications of globalization on the growth of SMEs in western Uganda, Particularly how globalization affected the productivity and innovation of SMEs in western Uganda. The researcher adopted a cross sectional study design. The Data was collected by the use of structured and closed ended questionnaire. The findings revealed that businesses dealing in imported commodities are fast-growing and register tangible growth results compared to those dealing in locally manufactured commodities. Imported commodities seem not to suit the interests of most Ugandans, perhaps because some are not durable. The study further established that government finds it very difficult to control all the commodities that enter the Ugandan market. The study therefore recommends that Uganda Revenue Authority, under its Anti-Smuggling Unit, should ensure vigilance at border points to reduce the inflow of unauthorized commodities which flood Ugandan market. The Ministry of Trade, Commerce and Industry should step out to protect local firms against competition from foreign producers, particularly those dealing in similar products. Government should lower interest rates through her fiscal and monetary policies to allow SMEs access credit at affordable rates. There is also need to examine the extent to which Uganda’s membership to the East African Community boosts growth of SMEs since all the member countries have almost similar competitive economic advantages. Keywords: Globalization, growth, SMEs, Western Uganda Kabale University 2019-02-25T12:26:30Z 2019-02-25T12:26:30Z 2019 Article http://hdl.handle.net/20.500.12493/132 application/pdf International Journal of Research in Management, Economics and Commerce.
spellingShingle Globalization, growth, SMEs, Western Uganda
Eton, Marus
Ayiga, Natal
Constant, Okello Obura
Fabian, Mwosi
Gilbert, Uwonda
Globalization and Its Implications on the Growth of Small Medium Enterprises (SMEs) in Western Uganda: A Case of Selected Districts in Western Uganda
title Globalization and Its Implications on the Growth of Small Medium Enterprises (SMEs) in Western Uganda: A Case of Selected Districts in Western Uganda
title_full Globalization and Its Implications on the Growth of Small Medium Enterprises (SMEs) in Western Uganda: A Case of Selected Districts in Western Uganda
title_fullStr Globalization and Its Implications on the Growth of Small Medium Enterprises (SMEs) in Western Uganda: A Case of Selected Districts in Western Uganda
title_full_unstemmed Globalization and Its Implications on the Growth of Small Medium Enterprises (SMEs) in Western Uganda: A Case of Selected Districts in Western Uganda
title_short Globalization and Its Implications on the Growth of Small Medium Enterprises (SMEs) in Western Uganda: A Case of Selected Districts in Western Uganda
title_sort globalization and its implications on the growth of small medium enterprises smes in western uganda a case of selected districts in western uganda
topic Globalization, growth, SMEs, Western Uganda
url http://hdl.handle.net/20.500.12493/132
work_keys_str_mv AT etonmarus globalizationanditsimplicationsonthegrowthofsmallmediumenterprisessmesinwesternugandaacaseofselecteddistrictsinwesternuganda
AT ayiganatal globalizationanditsimplicationsonthegrowthofsmallmediumenterprisessmesinwesternugandaacaseofselecteddistrictsinwesternuganda
AT constantokelloobura globalizationanditsimplicationsonthegrowthofsmallmediumenterprisessmesinwesternugandaacaseofselecteddistrictsinwesternuganda
AT fabianmwosi globalizationanditsimplicationsonthegrowthofsmallmediumenterprisessmesinwesternugandaacaseofselecteddistrictsinwesternuganda
AT gilbertuwonda globalizationanditsimplicationsonthegrowthofsmallmediumenterprisessmesinwesternugandaacaseofselecteddistrictsinwesternuganda