Cluster Based SME Development: Could Be an Effective Tool For Industrialization

Abdin J (2015) Cluster Based SME Development: Could be an Effective Tool for Industrialization. J Socialomics 4: e128. doi:10.4172/2167-0358.1000e128

1 Pages Posted: 3 Aug 2015

Date Written: June 12, 2015

Abstract

SME clusters in most of the LDCs are naturally grown based on availability of raw materials, relevant skills, supply chain advantages, markets demands etc. reasons. They are scattered located throughout the country with existing resilience to face adverse condition. Therefore government’s little interventions can result in a massive boom in these clusters. Clusters are creasing self-employed entrepreneurs, generating employment for the workers, technicians, managers, and other relevant professionals. Contributing in increasing GDP growth and poverty alleviation of the country. On the other hand due to a particular geographic location it is easy for the government to supply all sorts of industrial utilities into it. So cluster based SME development could be an effective tool for employment generation, poverty alleviation through industrialization of a country.

Keywords: Cluster Based SME Development; SME Cluster Development; Industrialization through SME Development

JEL Classification: C38, O14, O16

Suggested Citation

Abdin, Md. Joynal, Cluster Based SME Development: Could Be an Effective Tool For Industrialization (June 12, 2015). Abdin J (2015) Cluster Based SME Development: Could be an Effective Tool for Industrialization. J Socialomics 4: e128. doi:10.4172/2167-0358.1000e128. Available at SSRN: https://ssrn.com/abstract=2638772

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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