The Globalization of Small Businesses: The Virgin Islands’ Perspective
Dana Lewis-Ambrose
The purpose of the study was to examine how globalization has
affected the small business sector of the Virgin Islands (BVI).
Globalization refers to the extension of production and
distribution of goods and services on a vastly greater
international scale
[10]
. Overall, the paper has determined that a
legal definition of small businesses should be sought in the form
of legislation to provide a legal framework to improve the
direction of the sector. In the same vein, the eligibility and
classification guidelines should be revisited in an effort to make
them more practical in their application to small businesses in
the territory. It was also found that the contribution of small
businesses within the territory may be undervalued because of
limitations to data collection in this sector; thus minimizing the
decision making, information sharing and support for the sector.
The research used interviews and questionnaires conducted
among small business stakeholders within the BVI, to validate
this claim. In addition, newspaper and other documentary
sources were accessed. On ethical grounds, direct reference to a
number of the persons interviewed or surveyed has been
avoided. Full Text
|
