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Skills Training by Small and Medium-Sized Enterprises: Innovative Cases and the Consortium Approach in the Republic of Korea

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  • Lee, Kye Woo

    (Asian Development Bank Institute)

Abstract

This paper presents targeted government policies for promoting training in small and medium-sized enterprises (SMEs) to increase their contributions to economic development. It first discusses the role of SMEs in country development and the special challenges facing SMEs in developing human resources. It then surveys some innovative, targeted policies for promoting training by SMEs in Asia and Latin America. The paper elaborates on the objectives and achievements of a successful targeted SME training policy, the SME Training Consortiums Program in the Republic of Korea, as a best practice. This paper concludes with some cautionary remarks for developing countries seeking to adopt targeted SME training policies.

Suggested Citation

  • Lee, Kye Woo, 2016. "Skills Training by Small and Medium-Sized Enterprises: Innovative Cases and the Consortium Approach in the Republic of Korea," ADBI Working Papers 579, Asian Development Bank Institute.
    • Handle: RePEc:ris:adbiwp:0579
    as

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    References listed on IDEAS

    as
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    5. Lepenies, Philipp H., 2004. "Exit, Voice, and Vouchers: Using Vouchers to Train Microentrepreneurs--Observations from the Paraguayan Voucher Scheme," World Development, Elsevier, vol. 32(4), pages 713-724, April.
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    SME training policies; SME Training Consortiums Program; training levy grants; Republic of Korea;
    All these keywords.

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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