Evaluation Of The Role Of Social And Economic Infrastructure In The Promotion Of Business Activities

CHAPTER ONE INTRODUCTION 1.1     Background of the Study The focus on economic development has shifted in recent years from public-sector led economic development to private sector driven economic development. In achieving this, the Small and Medium Enterprise (SME) sector is usually relied upon because of extant scholarly knowledge of its capacity to contribute to economic development. In 2002, the Honourary Presidential Council on Investment (HPACI) SME sector profile reveals that the SMEs contribute as much as 40% of GDP in developed economies and some developing nations. The report further…