This article is an edited version of an address by Abdul Waheed Khan to a Special Convocation at Jamia Hamdard University, New Delhi, on 4 January 2005. Professor Khan identifies major societal trends and likely future developments, with particular reference to India. He argues that knowledge will play a central role in shaping economic growth,…

Perceived as important contributors to economic growth, network and cluster groups are currently receiving much attention. The same may be said of SMEs. But practical and theoretical perspectives indicate that SMEs, and particularly the owner-managers, place little value on networks and have only limited networking resources. Consequently, they do…