Advertisement

Micro-, Small- and Medium-Sized Enterprises (MSMEs): Challenges, Opportunities and Sustainability in East Asia

Chapter
  • 168 Downloads

Abstract

By its very nature the resource sector tends to be relatively capital intensive and dominated by large state-owned or foreign-owned multinational enterprises that generate relatively few jobs. In this context micro-, small- and medium-sized enterprises (MSMEs) have a critical role to play in generating jobs, diversifying the economic base and spreading the economic benefits of resource production in resource abundant economies such as that of the Lao People’s Democratic Republic (Lao PDR). To achieve this requires a new MSMEs growth and business strategy focusing on: capacity building through knowledge and skills acquisition, technology upgrading, improved product quality and competitiveness, innovation, and entrepreneurial activity.

References

  1. Abonyi, G. (2005). Transformation of Global Production, Trade and Investment: Global Value Chains and International Production Networks. In: Bangkok, UNESCAP, paper presented to the Expert Group Meeting on SMEs’ Participation in Global and Regional Supply Chains, November.Google Scholar
  2. Acs, Z.J. and Audretsch, D.B. (1990). Innovation and Small Firms. Cambridge MA: MIT Press, p. 220.CrossRefGoogle Scholar
  3. Ando, M. and Kimura, F. (2005a). Global supply chains in machinery trade and the sophisticated nature of production/distribution networks in East Asia. Mimeo. Available at: http://www.coe-econbus.keio.ac.jp/data/DP2005-015.pdf
  4. Ando, M. and Kimura, F. (2005b). The Formation of International Production and Distribution Networks in East Asia. In: T. Ito and A.K. Rose, eds., International Trade in East Asia. Chicago: University of Chicago Press, pp. 177–213.CrossRefGoogle Scholar
  5. APEC (2002), Expanding the Benefits of Cooperation for SMEs, Joint Ministerial Statement, 9th APEC Small and Medium Enterprise Ministerial meeting, Acapulco, Mexico, August.Google Scholar
  6. Asasen, C., Asasen, K. and Chuangcham, N. (2003). A proposed ASEAN Policy Blueprint for SME development 2004–2014. Jakarta, ASEAN, REPSF Project 02/005, p. 145. Available at: https://www.asean.org/uploads/archive/pdf/sme_policies_1.pdf
  7. Davis, S.J., Haltiwanger, J. and Schuh, S. (1993). Small business and job creation: dissecting the myth and reassessing the facts. Cambridge, MA.: National Bureau of Economic Research, Working Paper 14748.Google Scholar
  8. ERIA (2014), ASEAN SME Policy Index 2014: Towards Competitive and Innovative ASEAN SMEs. Jakarta: Economic Research Institute for ASEAN and East Asia, Research Project Report No. 8.Google Scholar
  9. Hall, C. (2000), E-commerce and SMEs in APEC – HRD implications and the role of PECC, Paper presented to the ninth annual meeting of PECC – HRD, Pacific Economic Cooperation Council Human Resource Development Task Force, Hua, Taiwan, October.Google Scholar
  10. Hallberg, K. (2000). A market-oriented strategy for small and medium-scale enterprises. Washington DC: World Bank, IFC Discussion Paper No. 40.Google Scholar
  11. Harvie, C. (2002). The Asian Financial and Economic Crisis and Its Impact on Regional SMEs. In: C. Harvie and B.C. Lee, eds., Globalization and Small and Medium Enterprises in East Asia, Cheltenham: Edward Elgar, pp. 10–42.Google Scholar
  12. Harvie, C. (2008). SMEs in Regional Trade and Investment Development. In: Tran Van Hoa and C. Harvie, eds., Regional Trade Agreements in East Asia, Cheltenham: Edward Elgar, pp. 149–86.Google Scholar
  13. Harvie, C. (2015). Trade, SMEs and development in South-east Asia. Geneva: International Trade Centre, Working paper 01-2015.Google Scholar
  14. Harvie, C. and Lee, B.C. (eds.) (2002). The Role of Small and Medium Enterprises in National Economies in East Asia. Cheltenham: Edward Elgar, p. 404.Google Scholar
  15. Harvie, C. and Lee, B.C. (2005). Introduction: the role of small and medium-sized enterprises in achieving and sustaining growth and performance. In C. Harvie and B.C. Lee, eds., Sustaining Growth and Performance in East Asia: the role of small and medium sized enterprises, Studies of Small and Medium sized Enterprises in East Asia, Volume III, Cheltenham: Edward Elgar, pp. 3–27.Google Scholar
  16. Harvie, C., Narjoko, D. and Oum, S. (2015). Economic Integration in East Asia: Production Networks and Small and Medium Enterprises. London: Routledge, p. 188.CrossRefGoogle Scholar
  17. OECD (1997), Globalization and SMEs, Vol. 1 and 2. Paris: OECD.Google Scholar
  18. OECD (2000a), Enhancing the Competitiveness of SMEs through Innovation. Paris: OECD, Workshop paper No. 1, Bologna Meeting.Google Scholar
  19. OECD (2000b), Local Partnership, Clusters, and SME Globalization. Paris: OECD, Workshop paper No. 2, Bologna Meeting.Google Scholar
  20. OECD (2000c), Realizing the Potential of Electronic Commerce for SMEs in the Global Market. Paris: OECD, Workshop paper No. 3, Bologna Meeting.Google Scholar
  21. OECD (2007) Enhancing the Role of SMEs in Global Value Chains. Paris: OECD, Proceedings of an OECD global conference, 31 May–1 June 2007, Tokyo.Google Scholar
  22. OECD, WTO and World Bank Group (2014) Global Value Chains: Challenges, Opportunities, and Implications for Policy. Sydney: G20 Trade Ministers Meeting, July.Google Scholar
  23. Porter, M.E. (1990). The Competitive Advantage of Nations. New York: The Free Press, p. 855.CrossRefGoogle Scholar
  24. Porter, M.E. (1998). Clusters and the New Economics of Competition. Harvard Business Review, 76(6), pp. 77–90.Google Scholar
  25. Scherer, F.M. (1988). Corporate Takeovers: The Efficiency Arguments. Journal of Economic Perspectives, 2(1), pp. 69–82.CrossRefGoogle Scholar
  26. Wignaraja, G. (2013). Can SMEs participate in global production networks? Evidence from ASEAN firms. In: K.D. Elms and P. Low, eds, Global value chains in a changing world, Geneva: World Trade Organization, pp. 279–312.Google Scholar
  27. Yuhua, Z. and Bayhaqi, A. (2013). SMEs’ Participation in Global Production Chains, APEC Policy Support Unit, Issues Paper No. 3.Google Scholar
  28. Yuhua, Z. (2014) Integrating SMEs into Global Value Chains: Policy Principles and Best Practices, APEC Policy Support Unit, Issues Paper No. 3.Google Scholar

Copyright information

© The Author(s) 2019

Authors and Affiliations

  1. 1.School of Accounting, Economics & FinanceUniversity of WollongongWollongongAustralia

Personalised recommendations