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A Review of the Impacts SMEs as Social Agents of Economic Liberations in Developing Economies

Motilewa, Deborah B. and Worlu, Rowland E.K. and Ogbari , M. E. and Aka, D. (2015) A Review of the Impacts SMEs as Social Agents of Economic Liberations in Developing Economies. International Review of Mana cment and Business Research, 4 (3). pp. 903-914. ISSN 2306-9007

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Abstract

1/w hene.f/ts 1!1 o hooming .\ 1//~ sector can be seen in the creation of a sound industrial hm,· for an emerging eumonn It rang!'~ .fi"om the prm·iswn of' employment, sources of subsistencl'. ,·,luiwble distrthution of IIK0111es to its citi::ens. to deployment of domestic savings for investments. It ul.111 include. bw not limited. to the increase in capital financial gains. important contribution to Cross I >omestic Product (CIJI'i lwrnessing c1{ natil·e raw materials. curtailing rural-urban migration and efficient uti!i::ation o(a nation·.\ resource. as can b~ seen in the case of Taiwan. South Korea, Singapore. <'t( These are cowuries that were huilt on a d\'namic SML sector 1/owever. many less developed economies /w,·e not bel'n a hie to jullt· utili::e the 111cmv henejits of this sl'ctor. perhaps due to ignorance. This revietr <'\llmined the ntenlto which these .1ocial agems (S\1/~s) which hm·e libera!i::ed several economies oflhe d, l'e!opl'd coumries. such as the { nitecl States. { nited 1\ ingdom. Wider Europe and the BRICS countrh ' 1 Bra:: if. R11.11i11. India. ( 'llina wul So111h .lji-icaJ is being treated with levity within the developing econnlllll'.\. The sttu!r howet'l.'r. focuses 011 the .)',\/Es operating within the Nigerian state. It employed in its ennrety !he re1•ie1r ofsecondw:t· duta , 1171/findings revealed a plethora of issues. Of note was the facl that despite the benefit~ of this l'ihrulll sector to the \'igerian economy. the government policies, infrastructures. finances ammtgst others are not Jhl'omble for its gr01111t all(/ sustainability. The authors recommend that the 1\igerian gm·~mlll<'llt as well os gm·emme/11 of other developing economies must invest substamial!t·to the growth. de,·elollllte/11 011(/ sustainohility of SM!~·s through the provision of essential inji·a.1tructures. 1111111111111 er. microfiiiWICI'. 1·ecurin• am/ adequate po!inji-cunework.

Item Type: Article
Uncontrolled Keywords: Small und .lleclium Scale ~~-11terprises. ~~-ntrepreneurship, Economic deve/opmenl. \ igeria. SRI( ·s
Subjects: H Social Sciences > H Social Sciences (General)
Divisions: Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User: Mrs Hannah Akinwumi
Date Deposited: 19 Sep 2017 12:08
Last Modified: 19 Sep 2017 12:08
URI: http://eprints.covenantuniversity.edu.ng/id/eprint/9353

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