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Contrary to expectations, small- and medium-scale manufacturing enterprises in Colombia grew very fast during the 1970s--considerably faster than large industry--creating many jobs and aiding the country's economic health. The most detailed study to date of this growth, this book focuses on the metalworking and food processing industries to analyze the determinants of economic efficiency in small- and medium-scale firms, the extensive technological change that took place within them, and the nature of the entrepreneurs who directed them. The authors draw from the Colombian experience relevant lessons for other developing countries where such enterprises could also contribute to economic growth.
This book investigates the factors contributing to the rapid growth and economic efficiency of small- and medium-scale manufacturing enterprises in Colombia during the 1970s. The authors, Albert Berry, Ashfaq M. Ishaq, and Mariluz Cortes, utilize detailed industrial data to examine how these firms outperformed larger industries in job creation and economic output. By analyzing specific sectors like metalworking and food processing, the text provides a framework for understanding the role of technological adaptation and entrepreneurial leadership in developing economies.
What You Will Find
Experts recognize this work as a foundational case study for understanding the industrial dynamics of developing nations during the late 20th century. Readers frequently note the technical density of the economic data, which provides a rigorous empirical basis for the authors' conclusions regarding firm-level growth.
Page Count:
304
Publication Date:
1987-08-20
Publisher:
Oxford University Press
ISBN-10:
0195205936
ISBN-13:
9780195205930
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