Introduction For a while, expectations on the role of Multi-National Corporations (MNCs) in Asia have been changing drastically as the corporations aim at improving their host countries’ economies. The main questions that arise regarding the increase in the Asian MNCs in other countries’ economies are:  1. The corporations have an institutional obligation to the Asian countries in which they serve, but to what extent?  2. With this institutional obligation, does it infer that the corporations ought to hold extra or higher standards than what is required of them by Asian law? Since the 1990s when there was public outcry over the wages paid by Nike multinational to its workers, the issue of the corporations’ social responsibility and its impact on the small and medium-sized micro-enterprises has become of great concern to corporate executives. Expectations are now changing as the corporations take a different dimension towards the business enterprises (Hanna 2004). According to Hanna (2004), it is clear that most countries depend on their small and medium enterprises for the growth of their economy and despite the great contribution of these enterprises towards the economy; there is still lack of proper support by the government. However, the SME enterprises have continued to thrive even without the maximum support from the government and the private enterprises have taken control to advance the SMEs and invest more in the economy. It is through this that the multinational corporations have come in with a new perspective of helping the private sector flourish. Strategies of Multinational Corporations in Asia The MNCs use the foreign direct investment strategies towards financing the small and medium-sized enterprises. With the investment in the SMEs the multinational corporations enhance globalization of the Asian countries’ enterprises. There are three measures of globalization of the SMEs which enhance the aspects of international trade and the foreign direct investment through the MNCs. These are the total exports of the Asian countries, the exports by the SMEs and the assets that have been invested by the MNCs in the small and medium enterprises. These measures help the MNCs to extend their operations in the Asian economy and in turn promote the small and medium enterprises in the global markets (Smith 1992). According to Hanna (2004), the MNCs work on the effort towards making the small and medium enterprises a global market. The assets of the MNCs serve as a proxy for the foreign direct investment and this creates credibility for the small and medium enterprises towards the global market. The foreign direct investment of MNCs is actively being invested in the small and medium-sized enterprises. It has been noted that as much as half of these investments by the Asian MNCs are taken by the SMEs and this has an important effect on the networking of the MNCs towards different countries. The Asian MNCs which have established networks in Asia by involving the SMEs tend to set up networks in other parts of the world by involving the same enterprises as in Asia. This, according to Hanna (2004) becomes one effective strategy of promoting the corporations in other parts of the world and it is also through this networking that globalization is enhanced. The investment goals of the foreign direct investment of the Asian MNCs