Small and Medium Industries in Asian Developing Countries

A.H.M. Nuruddin Chowdhury

Asian Development Review (ADR), 1990, vol. 08, issue 02, 28-45

Abstract: In many Asian developing countries, industrialization has not succeeded in achieving the intended objectives of absorbing surplus labor, alleviating poverty and bringing about a more regional balanced growth. The large-scale import substitution approach widely adopted in most countries often led to the use of highly capital-intensive techniques, generated few employment opportunities and aggravated the balance-of-payments disequilibrium with a heavy dependence on imports. In view of these circumstances, the development of small and medium-scale industries is being considered as a more appropriate alternative to promote industrialization…

Date: 1990
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DOI: 10.1142/S0116110590000094

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