Research Proposal On Financing Small And Medium Scale Enterprise In Nigeria
CONTENT OF PROPOSAL
Research title
Background OF PRoposal
Question and Objective
Methods Of analysis
SCope. And limitation
Plan of study
References
AWE JUMOKE BOLANLE
2008/758
ECO. 312
ACCOUNTING
Research proposal. On
FINANCING SMALL AND MEDIUM SCALE. INDUSTRIES IN NIGERIA
PROJECT TOPIC : FINANCING STRATEGIES FOR SMALL AND MEDIUM SCALE INDUSTRIES IN NIGERIA
PROJECT PROPOSAL
INTRODUCTION
Interest in the role of small and medium-sized enterprises (SMEs) in the development process continues to be in the forefront of policy debates in developing countries. The advantages claimed for SMEs are various, including: the encouragement of entrepreneurship; the greater likelihood that SMEs will utilise labour intensive technologies and thus have an immediate impact on employment generation; they can usually be established rapidly and put into operation to produce quick returns. SME development can encourage the process of both inter- and intra-regional decentralisation; and, they may well become a countervailing force against the economic power of larger enterprises. More generally the development of SMEs is seen as accelerating the achievement of wider economic and socio-economic objectives, including poverty alleviation.
Staley and Morse (1965) identify a ‘developmental approach’ to SME promotion which has as its objective the creation of ‘economically viable enterprises which can stand on their own feet without perpetual subsidy and can make a positive contribution to the growth of real income and therefore to better living levels’. This approach emphasises the importance of efficiency in new SMEs. Small producers must be encouraged to adopt new methods, move into new lines of production and in the long-run, wherever feasible, they should be encouraged to become medium- or even large-scale producers.
More recent concerns associated with the growth and efficiency of smaller enterprises has also become prominent. Using the case of Northern Italy, Piore
Research title
Background OF PRoposal
Question and Objective
Methods Of analysis
SCope. And limitation
Plan of study
References
AWE JUMOKE BOLANLE
2008/758
ECO. 312
ACCOUNTING
Research proposal. On
FINANCING SMALL AND MEDIUM SCALE. INDUSTRIES IN NIGERIA
PROJECT TOPIC : FINANCING STRATEGIES FOR SMALL AND MEDIUM SCALE INDUSTRIES IN NIGERIA
PROJECT PROPOSAL
INTRODUCTION
Interest in the role of small and medium-sized enterprises (SMEs) in the development process continues to be in the forefront of policy debates in developing countries. The advantages claimed for SMEs are various, including: the encouragement of entrepreneurship; the greater likelihood that SMEs will utilise labour intensive technologies and thus have an immediate impact on employment generation; they can usually be established rapidly and put into operation to produce quick returns. SME development can encourage the process of both inter- and intra-regional decentralisation; and, they may well become a countervailing force against the economic power of larger enterprises. More generally the development of SMEs is seen as accelerating the achievement of wider economic and socio-economic objectives, including poverty alleviation.
Staley and Morse (1965) identify a ‘developmental approach’ to SME promotion which has as its objective the creation of ‘economically viable enterprises which can stand on their own feet without perpetual subsidy and can make a positive contribution to the growth of real income and therefore to better living levels’. This approach emphasises the importance of efficiency in new SMEs. Small producers must be encouraged to adopt new methods, move into new lines of production and in the long-run, wherever feasible, they should be encouraged to become medium- or even large-scale producers.
More recent concerns associated with the growth and efficiency of smaller enterprises has also become prominent. Using the case of Northern Italy, Piore
References: REFERENCES Anderson D (1982) ‘Small Industry in Developing Countries: A Discussion of Issues’, World Development (10), 11, 913-948 Bates J (1971), The Financing of Small Business, London: Sweet and Maxwell Levy B (1993), “Obstacles to Developing Indigenous Small and Medium Enterprises: An Empirical Assessment”, The World Bank Economic Review 7 (1), 65-83 Schmitz H and Musyck B (1994) “Industrial Districts in Europe: Policy Lessons for Developing Countries?”, World Development, 22 (6), 889-910 Staley E and Morse R (1965), Modern Small-Scale Industry for Developing Countries, McGraw-Hill