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The Development of Small and Medium-Scale Industries in Thailand

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  • Medhi Krongkaew

Abstract

There is no dearth of arguments in favor of promoting small and medium-scale industries in the process of national economic development. In a classic textbook on small and medium industries in developing countries up to ten areas were listed in which these industries could contribute positively to national economic development. These areas included, for example, the development of entrepreneurs and managers, the formation of capital assets, the saving of capital, the creation of employment and the geographical spread of industrial development. Another study asserted that the promotion of small and medium industries was justified because they served two major development objectives: the social objectives of stimulation of indigenous entrepreneurship, transformation of traditional industry, and creation of employment; and the economic objectives of dispersal of industry, diversification of industrial structure and increased utilization of resources…

Suggested Citation

  • Medhi Krongkaew, 1988. "The Development of Small and Medium-Scale Industries in Thailand," Asian Development Review (ADR), World Scientific Publishing Co. Pte. Ltd., vol. 6(02), pages 70-95.
    • Handle: RePEc:wsi:adrxxx:v:06:y:1988:i:02:n:s0116110588000090
    DOI: 10.1142/S0116110588000090
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