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Challenges for Pakistani SMEs in a Knowledge-Based Economy

Author

Listed:
  • Muhammad Khalique1,
  • Abu Hassan Md . Isa
  • Jamal Abdul Nassir Shaari

    () (Faculty of Economics and Business, University Malaysia Sarawak)

Abstract

Attempt is made to indentify the major issues of knowledge-based economy, which are facing SMEs in Pakistan. Literature review: literature review reveals that Small and Medium Enterprises (SMEs) are playing very important role in the development of economy in Pakistan. Despite of the important contribution to economy, SMEs are still facing serious issues. These issues create serious threats for the survival of SMEs in Pakistan. After twenty first century, the economy transformed from production based to a knowledge-based economy. In a knowledge-based economy intellectual capital appeared as a critical factor for the successes of organizations. Methods: this research is based on the previous researches’ findings. Conclusion: It is concluded that at the beginning of the twenty first century the concept of intellectual capital has gained a significant attention in a knowledge-based economy. There is no doubt, present economy is a knowledge-based economy and it stand on intellectual capital. Therefore, it is indispensible for SMEs in Pakistan to revolutionize and adopt the concept and applications of intellectual capital in order to dilute the emerging economics challenges. Recommendations: SMEs in Pakistan need to strengthen the concept and applications of intellectual capital in their organizations in order to achieve the competitive edge in the market

Suggested Citation

  • Muhammad Khalique1, & Abu Hassan Md . Isa & Jamal Abdul Nassir Shaari, 2011. "Challenges for Pakistani SMEs in a Knowledge-Based Economy," Indus Journal of Management & Social Science (IJMSS), Department of Business Administration, vol. 5(2), pages 74-80, June.
  • Handle: RePEc:iih:journl:v:5:y:2011:i:2:p:74-80
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    File URL: http://indus.edu.pk/RePEc/iih/journl/7-2-Khalique-Malasia-Challenges_for_Pakistani_SMEs_in_a_Knowledge-Based_Economy-0.pdf
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    References listed on IDEAS

    as
    1. Fullerton, Don & West, Sarah E., 2002. "Can Taxes on Cars and on Gasoline Mimic an Unavailable Tax on Emissions?," Journal of Environmental Economics and Management, Elsevier, vol. 43(1), pages 135-157, January.
    2. Hoel, Michael, 1998. " Emission Taxes versus Other Environmental Policies," Scandinavian Journal of Economics, Wiley Blackwell, vol. 100(1), pages 79-104, March.
    3. Fullerton Don & West Sarah E, 2010. "Tax and Subsidy Combinations for the Control of Car Pollution," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 10(1), pages 1-33, February.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Knowledge-based economy; Intellectual capital; Challenges of SME;

    JEL classification:

    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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