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In the 1970s a number of international institutions, and development activists, became very concerned that growth in developing countries was not reaching the poor. In particular, industrial development was capital intensive and absorbed little of the rapidly increasing labor force. An increased demand for unskilled labor was surely an essential component of any program to alleviate poverty. This concern for employment was soon linked to the advocacy of small-scale enterprises which were widely believed to offer more employment than larger enterprises for any given amount of investment. Some international institutions, including the World Bank, tried to steer more of their loans toward small-scale enterprises; and some developing countries, especially India, intensified measures to support and protect such enterprises.
This article does not question the objectives of a more labor-demanding in-dustrial development. Indeed, the author has long stressed the anomaly thata small minority of people in developing countries work with ever-increasingamounts of capital while the great majority continue to scratch a bare livingwith a few primitive tools. It does, however, suggest that supply-side interven-tions - subsidized loans, tax relief, industrial estates, product reservation, etc.- linked to small enterprises are of little or no use in achieving the objectiveof a more labor-demanding industrial development. This view is derived largelyfrom the author's participation in a World Bank research project on the subjectof small manufacturing enterprises in developing countries.
Call Number | Location | Available |
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ADR0602 | PSB lt.dasar - Pascasarjana | 1 |
Penerbit | Philippines: Asian Development Bank 1988 |
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Edisi | Vol. 6, No. 2., 1988 |
Subjek | Developing countries International institutions Small-scale enterprises Manufacturing enterprises |
ISBN/ISSN | 0116-1105 |
Klasifikasi | NONE |
Deskripsi Fisik | 9 p. |
Info Detail Spesifik | Asian Development Review |
Other Version/Related | Tidak tersedia versi lain |
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