Why SMEs Should Aim at Becoming Exporters

• Main Author: HOON, Hian Teck
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2012
• Subjects: Asian Studies; Economics; Entrepreneurial and Small Business Operations; International Economics
• Online Access: https://ink.library.smu.edu.sg/soe_research/1462; https://ink.library.smu.edu.sg/context/soe_research/article/2461/viewcontent/BT_20120703_1.pdf
• Institution: Singapore Management University

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 get to enjoy higher profits and more Singaporean workers can expect to find good jobs that pay a premium.