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SME's are vital to economic growth in Ireland and the UK.  

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Introduction SME's are vital to economic growth in Ireland and the UK, employing up to 90% of the workforce. Given this fact it is important to look at how the government support these SME's. The government see SME's as a vital element to both the UK and Ireland economy but also to the global economy as a whole. According to Szabo, (2002); 'SME's promote private ownership, stimulate innovations and develop entrepreneurial skills. Their flexibility enables them to match quick changes in market demands. They generate the majority of jobs, promote diversification of economic activities, support sustainable development and make a significant contribution to exports and trade' Szabo, (2002) Internationalisation is one of the most difficult choices to make because it implies numerous risks for the small and medium sized enterprises. Many SME's, who act prosperously locally often fail in foreign markets. They are deeply affected by rapid globalisation. It is the aim of government...

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