1945

Suggested policy framework for the development of SMEs

The SME sector has demonstrated its inherent strength by making significant contributions to national economies in Asia and the Pacific. SMEs help in the development of entrepreneurship, the creation of employment opportunities and social empowerment, particularly for women, the expansion of trade and, above all, income generation. All of these factors raise the standards of living for the nation as a whole. Adaptability, resilience and the ability to manufacture and render services with a high degree of flexibility and cost effectiveness make SMEs a force in today’s global economy.

Related Subject(s): Economic and Social Development
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