INTERNATIONALIZATION OF SMALL AND MEDIUM-SIZED ENTERPRISES IN TRANSITIVE ECONOMIES

Globalization, increased global competition and limited domestic demand affect to the large multinational companies as well as the small and medium-sized business that comes to the international space. The article discusses the current trends and characteristics of SMEs internationalization in transitive economies, particularly in Republic of Belarus. Author describes the SMEs internationalization dominants and characteristics, analyzes statistics on Belarusian SMEs export and their main trading partners. The new strategy of SMEs development in a global economy is proposed in this research.