TAKING A SEAT IN THE GLOBAL MARKETPLACE: OPPORTUNITIES FOR “HIGH ROAD” UPGRADING IN THE INDONESIAN WOOD FURNITURE SECTOR?

Conventional wisdom regarding the gains from globalization states that, if managed correctly, it can lead to increased market opportunities for firms to grow and prosper, including small and medium enterprises (SMEs). Nevertheless, some sectoral case studies raise questions regarding the terms under which SMEs in developing countries participate in global production systems and the scope of opportunities that globalized markets actually do offer for industrial development and SME upgrading in developing countries.