A New Approach to Cluster-Based SME Development

3 Pages Posted: 11 Aug 2013

Date Written: November 19, 2011

Abstract

The small and medium enterprises (SMEs) are familiar as the engine of growth in developing economies. They are helping in economic development from two dimensions. Firstly by producing goods/services. Secondly by employing more labour with comparatively low investment. Employment generation and GDP growth both are very much important for sustainable development of an economy. Bangladesh is maintaining 4-6.5% GDP growth during last two decades. It experienced several downturn of GDP growth in the same period. But we do not know why this downturn occurred.

Sometimes we blamed natural disasters, political unrest and so on. But we actually never try to find out the real cause and take actions to avoid any further downturn. As a result, till now we are in and around 5-6 % growth.

Keywords: Cluster Development, Industrial Development, Industrialization

Suggested Citation

Abdin, Md. Joynal, A New Approach to Cluster-Based SME Development (November 19, 2011). Available at SSRN: https://ssrn.com/abstract=2308308 or http://dx.doi.org/10.2139/ssrn.2308308

Md. Joynal Abdin (Contact Author)

DCCI Business Institute (DBI) ( email )

DCCI Building (11th Floor), 65-66 Motijheel C/A
Dhaka, 1000
Bangladesh

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