This paper assesses the present situation of the SME sector in Singapore, and appraise its role in the future. SMEs are a distinct economic entity that often thrive in small niches. SMEs may be defined in various ways, in terms of the country's stage of development and policy objectives. While the SMEs can play many strategic roles in our transition to the innovation driven stage of development, recent trends over the decade have shown that they still have a long way to go.

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