SMEs in Thailand: The Governmental Initiatives
|
Code : ENT0008
|
Region : Ghana
|
||||
 |
 |
 |
 OR |
||
|
Introduction: Small andMediumEnterprises (SMEs) (Exhibit I) have traditionally played a key role in the Thai economy. By 2003, they had accounted for 39%1 of the country’s Gross Domestic Product (GDP) and when coupled with income fromagricultural practices, the share reached 50%. SMEs also accounted for 38.2%of themanufactured goods and provided employment to 69% of the Thai workforce. The economic crisis that hit Thailand in 1997 due to the devaluation of its currency – Thailand Baht (THB) – affected the SMEs badly. The Thai government provided assistance to the SMEs to improve their competencies in the international markets. This was done by transforming the economy fromproduction based to knowledge based; by removing the prominent bottlenecks of financing; and by honing their expertise and market information. Besides, the Thai government also approved a master plan to enhance the role of the SMEs that had been the backbone of the Thai economy for decades.
|
|
|
| For Case Books
Click Here >> For Case eBooks Click Here >> |
||
