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



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.


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© The Author(s) 2019

Authors and Affiliations

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

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