Some observers claim that the internet revolutionizes the way small and medium-sized companies (SMEs) can compete in the global market place.

Some observers claim that the internet revolutionizes the way small and medium-sized companies (SMEs) can compete in the global market place. In essence, the internet has created a level playing field for SMEs. Whereas before SMEs had a hard time internationalizing, now any mom-and-pop outfit can open an electronic storefront with a global reach. Do you agree? What downsides do small e-businesses face vis-à-vis large companies?