This paper presents new descriptive evidence on value added generation and sourcing patterns of intermediate inputs for ship construction of major shipbuilding economies. The findings reveal that shipbuilding relies heavily on intermediate inputs as around 70-80% of the final output value of ship production is generated through supplier sectors.
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Korea has undertaken reforms to stimulate entrepreneurship and improve SME efficiency, but further efforts are needed to foster a more entrepreneurial culture and develop market-based financing for innovative and growth-oriented start-ups and SMEs.
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