Graduate School of International Studies Ajou University
This study has used empirical analysis in to examine the relationship underlying the globalization and its impact to SME growth in Tanzania. This study is looking the benefit associated with Globalization in favor of SMEs growth and how they have helped to reduce the obstacle facing SMEs growth. Further the study seeks to explain the negative notion that has been created that globalization is not friendly to SME growths. The study employed primary data from Tanzania SMEs. Enumerations areas were purely drawn according to SMEs definition in Tanzania. Multiple literature was extensive reviewed to come up with the model and 25 instrument used to collect information. The instrument covered six areas of construct on which are Globalization, Financial Availability, Laws Regulation and Administrative Procedure, Information Technology Application, Availability of Managers Perspectives and SMEs Growth. The PLS SEM was used for analysis. The conclusion has indicated that globalization has a relationship with SMEs growth and has contributed to the reduction of obstacles that inhibit SMEs growth. This also shows that globalization is not jeopardizing the growth of SMEs in Tanzania. However the study confirmed the controversial result on the part of the availability of managers and manpower with global perspectives to influence SMEs growth. The test accepted that globalization has influenced availability of Managers with global perspectives but reject the availability of these managers influences the SMEs growth. The results give a clear outlook to help policy maker in policy review process, formulate base for extensive study on issues on manager perspectives and intervention. Also recommend broader framework study which will involves more subsectors within SMEs.