Effect of Credit on Manufacturing SMEs Performance

This book reviews the promotion of industrialization through credit finance to support Small-scale manufacturing enterprises (SSMEs). The book reviews Meier's theory of entrepreneurial activities, dualism and flexible specialization modelling of industrialization. The common theme in the three theoretical strands is that the activities of the entrepreneur as an inter-market operator involve gap filling. Where there is scarcity of resources, the entrepreneur would search for and discover opportunities either in the formal or informal sector. Due to the entrepreneur’s flexibility and proactiveness, he would search for and marshal financial and human resources necessary for the discovery of new information. Thereafter, using multi-purpose equipment and multi-skilled workers, the new information is translated into new markets, techniques and products in order for the enterprise to be sustained and grow.