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Skills training by small and medium-sized enterprises : Innovative cases and the consortium approach in the Republic of Korea

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  • Skills training by small and medium-sized enterprises
  • Lee, Kye Woo
  • Asian Development Bank Institute


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Title Skills training by small and medium-sized enterprises
Similar Titles
Sub Title

Innovative cases and the consortium approach in the Republic of Korea

Material Type Reports
Author(English)

Lee, Kye Woo

Publisher

Tokyo, Japan:Asian Development Bank Institute

Date 2016-07
Series Title; No ADBI working paper / 579
Pages 29
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Economic Administration
Social Development < Education
Holding Asian Development Bank Institute

Abstract

This paper presents targeted government policies for promoting training in small and medium-sized enterprises (SMEs) to increase their contributions to economic development. It first discusses the role of SMEs in country development and the special challenges facing SMEs in developing human resources. It then surveys some innovative, targeted policies for promoting training by SMEs in Asia and Latin America. The paper elaborates on the objectives and achievements of a successful targeted SME training policy, the SME Training Consortiums Program in the Republic of Korea, as a best practice. This paper concludes with some cautionary remarks for developing countries seeking to adopt targeted SME training policies.