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Research Collection School Of Economics

Entrepreneurial and Small Business Operations

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Why Smes Should Aim At Becoming Exporters, Hian Teck Hoon Jul 2012

Why Smes Should Aim At Becoming Exporters, Hian Teck Hoon

Research Collection School Of Economics

In the fortnightly series entitled 'Engage SMU profs', Professor Hoon Hian Teck, Associate Dean of the School of Economics, answers the questions: Should SMEs aim to become exporters rather than serve only the domestic market? What are the benefits to SMEs in doing so? Does the smallness in size limit their productivity growth? Are there any channels for SMEs to get assistance from the authorities, and what are these? He commented that if more of our local SMEs look towards the international marketplace and sell to foreign markets, not only will Singapore's GDP be boosted, local businessmen will also ...