Tuesday, August 3, 2010

Enterprises as Vehicles for Development

Due to their sheer number, micro, small and medium-sized enterprises (M/SMEs) are being pushed by the government, civil society and by the private sector to be more productive so as to increase their gross value added contributions to the economy and provide more opportunities for employment.

While these are worthy endeavors, it might also be a good idea to "discipline" M/SMEs as early as now with practices of eco-sustainability and social consciousness.  Again, due to their sheer number, the effects of the operations of M/SMEs to the environment and society will be ambiguous if not consciously considered.  To be safe, it has to be expected that MSMEs will not act "rationally" and therefore safeguards have to be instituted.

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