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SMEs Industry
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Author(s): Stephen M. Mutula (University of Botswana, Botswana)
Copyright: 2010
Pages: 15
Source title:
Digital Economies: SMEs and E-Readiness
Source Author(s)/Editor(s): Stephen M. Mutula (University of Botswana, Botswana)
DOI: 10.4018/978-1-60566-420-0.ch004
PurchaseView SMEs Industry on the publisher's website for pricing and purchasing information. |
Abstract
There is a growing impetus internationally for the development of strong SME sectors as engines of economic growth and development. This impetus is driven by the recognition of SMEs as the backbone of most economies. For instance, there are about 30 million enterprises in Europe providing employment to around 122 million people, with the vast majority (99.8%) of these enterprises being SMEs (Riegebauer, 2004). These SMEs therefore generate a large share of the GDP (Gross Domestic Product) in most of the region’s countries. Asian countries are also investing significantly in SMEs. For example, during the 1980s and 1990s, China’s economy was largely driven by SMEs, while the Philippines invested heavily in the same (Gungen, 2003).
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