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Industrial Clusters and SME Promotion in Developing Countries

image of Industrial Clusters and SME Promotion in Developing Countries

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.

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Foreword

In most developing countries, small and medium-sized enterprises (SMEs) make up the majority of businesses and account for the highest proportion of employment. Those SMEs that are internationally competitive are better able to grow as well as to survive in their domestic markets. In order to become internationally competitive, SMEs must be market-oriented and offer products and services of international quality.

English

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