Global firms forced to seek low cost production abroad for survival.
Global production shifts due to foreign direct investments are changing the economic landscape, leading to a 'low cost production imperative'. This study explores how small and medium-sized enterprises make decisions about investing abroad. The researchers used qualitative methods to understand how firms choose locations for low-cost operations. The findings show that firms consider different factors than expected, and the need for efficiency drives them to look overseas. This research provides valuable insights for future studies in international business.