Industrial Clusters and SME Promotion in Developing Countries

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SMEs make up the bulk of enterprises in developing countries and make a significant contribution to employment and economic growth. This paper takes stock of best practices in industrial clustering and SME promotion in Commonwealth developing countries. It provides examples of cluster formation, policies to stimulate cluster development and guidelines for business development services for SMEs.



Best Practice Programmes for SME Development

So far, the paper has discussed the advantages of a vibrant SME sector. There are two inter-related development tasks that can be used to establish and maintain such a sector. The first is the upgrading of firm-specific capabilities, and the second is the promotion of SME clusters, so that inter-firm co-operation is possible.


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