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- W278691994 abstract "To resolve South Africa's pressing unemployment problems, the country urgently needs to move towards a more labor-demanding pattern of growth. As it emerges from the apartheid era, it is important that there be enhanced opportunities for business participation by historically excluded segments of society. A new trajectory of industrial development which can yield increases in employment and productivity, increased output and investment and broader-based participation is called for. Consequently, an ambitious program of industrial reform is now underway - including tariff reforms, a progressive relaxation of exchange controls, a systematic drive to promote small, micro and medium enterprises (SMEs), initiatives to upgrade labor skills, and a heightened emphasis on fostering technological and organizational development within firms. Since 1991, the World Bank has supported these efforts - working collaboratively with South Africans on a series of informal studies, and arranging for international experts to participate in the formulation of new policies and programs. As a result, over the past 3 years, the outline of an industrial strategy which has the potential to achieve these objectives has come into view. One key element of that strategy is to strengthen the export and domestic competitiveness of downstream, light manufacturing. This study draws on the results of a survey of 165 firms conducted in August 1993 to explore to what extent South Africa's SMEs have the potential to participate centrally in a labor-demanding industrial strategy built around exports of light manufactures. It probes what are the constraints to SME participation, and how these might be relieved. The paper first reviews the performance of a sample selection of SMEs. It then addresses some constraints on SME performance. Finally, the paper describes industry structure as well as competitive conduct." @default.
- W278691994 created "2016-06-24" @default.
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- W278691994 date "1996-02-29" @default.
- W278691994 modified "2023-09-27" @default.
- W278691994 title "South Africa - The business environment for industrial small and medium enterprises" @default.
- W278691994 hasPublicationYear "1996" @default.
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