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Dot-Coming SMEs in Singapore for the New Economy

Dot-Coming SMEs in Singapore for the New Economy

Leo Tan Wee Hin (Singapore National Academy of Science, Singapore and Nanyang Technological University, Singapore) and Ramesh Subramaniam (Singapore National Academy of Science, Singapore and Nanyang Technological University, Singapore)
Copyright: © 2005 |Pages: 6
DOI: 10.4018/978-1-59140-553-5.ch160
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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.

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