Dot-Coming SMEs in Singapore for the New Economy

Abstract

Small- and medium-sized enterprises (SMEs) play a very significant role in the economies of all countries. They outnumber big corporations, and are conspicuous by their ubiquity in all sectors of society. The contribution of SMEs to a country’s Gross Domestic Product is high by virtue of the large number of people they employ and the diversity of services that they offer (Unctad Secretariat, 2002). SMEs also offer a starting platform for entrepreneurs to realize their aspirations.