A Review of the Impacts SMEs as Social Agents of Economic Liberations in Developing Economies
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1/w hene.f/ts 1!1 o hooming .\ 1//~ sector can be seen in the creation of a sound industrial hm,· for an
emerging eumonn It rang!'~ .fi"om the prm·iswn of' employment, sources of subsistencl'. ,·,luiwble
distrthution of IIK0111es to its citi::ens. to deployment of domestic savings for investments. It ul.111 include.
bw not limited. to the increase in capital financial gains. important contribution to Cross I >omestic
Product (CIJI'i lwrnessing c1{ natil·e raw materials. curtailing rural-urban migration and efficient
uti!i::ation o(a nation·.\ resource. as can b~ seen in the case of Taiwan. South Korea, Singapore. <'t( These
are cowuries that were huilt on a d\'namic SML sector 1/owever. many less developed economies /w,·e not
bel'n a hie to jullt· utili::e the 111cmv henejits of this sl'ctor. perhaps due to ignorance. This revietr <'\llmined
the ntenlto which these .1ocial agems (S\1/~s) which hm·e libera!i::ed several economies oflhe d, l'e!opl'd
coumries. such as the { nitecl States. { nited 1\ ingdom. Wider Europe and the BRICS countrh ' 1 Bra:: if.
R11.11i11. India. ( 'llina wul So111h .lji-icaJ is being treated with levity within the developing econnlllll'.\. The
sttu!r howet'l.'r. focuses 011 the .)',\/Es operating within the Nigerian state. It employed in its ennrety !he
re1•ie1r ofsecondw:t· duta , 1171/findings revealed a plethora of issues. Of note was the facl that despite the
benefit~ of this l'ihrulll sector to the \'igerian economy. the government policies, infrastructures. finances
ammtgst others are not Jhl'omble for its gr01111t all(/ sustainability. The authors recommend that the
1\igerian gm·~mlll<'llt as well os gm·emme/11 of other developing economies must invest substamial!t·to the
growth. de,·elollllte/11 011(/ sustainohility of SM!~·s through the provision of essential inji·a.1tructures.
1111111111111 er. microfiiiWICI'. 1·ecurin• am/ adequate po!inji-cunework.
Keywords
H Social Sciences (General)