Upgrading Technological Capabilities of Small and Medium Size Enterprises: Public and Private Support in the Japanese and Korean Auto Parts Industries

Motoshige Itoh, Shujiro Urata and Jong-Wha Lee
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Motoshige Itoh: University of Tokyo
Jong-Wha Lee: Korea University

Chapter 11 in The Institutional Foundations of East Asian Economic Development, 1998, pp 318-354 from Palgrave Macmillan

Abstract: Abstract Small and medium size enterprises (SMEs) have been the target of renewed interest in discussions on economic growth in recent years. In the 1960s and 1970s economists thought of SMEs as a backward sector employing unskilled labour. These views and attitudes toward SMEs changed in the 1980s. Economists, realizing the important role of SMEs as suppliers of parts and components to final assemblers and recognizing the creativity and flexibility of SMEs, began to look at SMEs as a sector that plays an important and constructive role in promoting economic growth. Indeed, upgrading the technological capabilities of SMEs is considered crucial for the development of competitive industries and economy.

Keywords: Parent Firm; Automobile Part; Auto Part; Korean Economy; Equipment Supplier (search for similar items in EconPapers)
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-26928-0_11

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DOI: 10.1007/978-1-349-26928-0_11

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