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SMEs are seen as the one of the main factors, impacting the growth of the national economy, contributing to the new jobs and social stability. The tendencies of political, economic and technological changes, competition in the local market, and demand of customers have encouraged the managers and entrepreneurs to be more proactive and to take greater risks in developing appropriate international strategies. The paper aims to disclose the main motives and barriers, impacting international expansion of SMEs. The research investigated the extensive number of prevailing factors and considered traditional and high-tech industries. The adopted approach let us provide the main insights into the theory development and to suggest the main propositions for the future investigations.

THE BARRIERS AND MOTIVES OF SMES INTERNATIONALIZATION: THE INSIGHTS INTO THE THEORY DEVELOPMENT