@article{oai:nagoya.repo.nii.ac.jp:00004755,
 author = {Huang, Ing-wei and 黄, 英維},
 journal = {国際開発研究フォーラム, Forum of International Development Studies},
 month = {Mar},
 note = {Although the issue of SMEs’ development is not a new concept, increasing importance has been given to them recently following the Asian crisis. However, there are still considerable controversies over whether it is necessary to promote SMEs vis-a-vis LEs, and whether the support of SMEs is an enhancement of equity at the cost of efficiency. This paper provides an argument for and against the support of SMEs, taking Thailand as a case study where four hypotheses are investigated to reveal SMEs’ advantages relative to LEs. SMEs were found to possess many desirable characteristics, including the high usage of labor, the economic use of capital, and the high relation towards more equitable distribution of income and rural development. Still, the relatively lower productivity relative to LEs in nearly half of the industries may imply that overemphasis on the promotion of SMEs may come at the cost of efficiency. Thus, attention should be placed on balancing policies between industrial sizes and implementing more suitable policies and support for potential SMEs that enhance growth in Thailand’s industrial sector.},
 pages = {159--176},
 title = {Importance of SMEs Development in Thailand},
 volume = {23},
 year = {2003}
}