The Economic Rate of Return in Small and Household Manufacturing Industries

Mir Annice Mahmood and Shamim Sahibzada
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Mir Annice Mahmood: Pakistan Institute of Development Economics, Islamabad
Shamim Sahibzada: Pakistan Institute of Development Economics, Islamabad

The Pakistan Development Review, 1988, vol. 27, issue 4, 875-885

Abstract: Small-scaleand HO\lseholdManufacturing Industry can contribute to economic development by providing employment; creating jobs with low capital costs; building up a reservoir of skilled ilnd semi-skilledlabour; red\,cing income disparities as small-scalemanufacturing is widespread and not concentrated in any specific area or region; developing indigenous technology' and raising saving and investment within the country rather than being dependent on external sources. Small-scale manufacturing is also a potential breeding ground for the development of entrepreneurial talent which is of great importance in accelerating the developmental process. In Pakistan, the importance of the small-scalemanufacturing industry has not been given its due recognition. The various five-year plans mention small-scale industry but focus their main attention in other areas. For example, to quot

Date: 1988
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