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East Asian SME Capacity Building, Competitiveness and Market Opportunities in a Global Economy

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Abstract

Over the past decade the economies of East Asia, and APEC more generally, have been opening up their markets and in the process have achieved significant gains in exports and economic growth. In conjunction with this increased economic integration there has been increased recognition by regional governments of the potential for a substantial increase in the participation by small businesses in the generation of regional income, employment, exports, investment and expanded economic growth. Advances in information and communications technology add credence to this potential. In addition, developing economies are especially seeing small businesses as potential instruments for the alleviation of poverty. This viewpoint has been given further stimulus since the financial and economic crisis of 1997-98, arising from which there has been a growing recognition of the need for the East Asian economies to engage in comprehensive restructuring of their corporate sectors, with the objective of achieving transparency, improving corporate governance and developing globally competitive enterprises. The small and medium enterprise (SME) sector can play a key role in the attainment of such objectives. This paper reviews the contribution of the SME sector to the growth and development of the regional (East Asian) economies, and their increasing importance in the attainment of a sustained recovery of the region in terms of economic growth, employment, trade and investment and the development of globally competitive economies. It also identifies: barriers to their development; key factors essential for their capacity building; strategies to enhance their competitiveness in the global marketplace; and key components relating to their export success.

Suggested Citation

  • Harvie, Charles, 2004. "East Asian SME Capacity Building, Competitiveness and Market Opportunities in a Global Economy," Economics Working Papers wp04-16, School of Economics, University of Wollongong, NSW, Australia.
    • Handle: RePEc:uow:depec1:wp04-16
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    References listed on IDEAS

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    1. Hallberg, K., 2000. "A Market-Oriented Strategy for Small and Medium Scale Enterprises," Papers 40, World Bank - International Finance Corporation.
    2. Pomerleano, Michael, 1998. "The East Asia crisis and corporate finances : the untold micro story," Policy Research Working Paper Series 1990, The World Bank.
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    Cited by:

    1. Muhammad Khalique1, & Abu Hassan Md . Isa & Jamal Abdul Nassir Shaari, 2011. "Challenges for Pakistani SMEs in a Knowledge-Based Economy," Indus Journal of Management & Social Science (IJMSS), Department of Business Administration, vol. 5(2), pages 74-80, June.
    2. Edy Dwi Kurniati, 2015. "Entrepreneurial Empowerment of Agriculture and Industrial Sector in Rural Areas of Semarang Regency Indonesia," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 5(4), pages 723-733, April.
    3. Gede Ginaya, 2019. "Mixed-Strategies of Marketing in BBTF: Seller Persuasion Towards Prospective Buyers," GATR Journals jmmr203, Global Academy of Training and Research (GATR) Enterprise.
    4. M. Rashid Malik & Rekha Prasad, 2014. "Use of e-Commerce in Carpet Industry," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 6(3), pages 165-168, September.
    5. Edy Dwi Kurniati & Indah Susilowati & Suharno, 2019. "Sustainable Competitive Advantage of SMEs through Resource and Institutional-Based Management: An Empirical Study of Batik SMEs in Central Java, Indonesia," Tržište/Market, Faculty of Economics and Business, University of Zagreb, vol. 31(1), pages 61-82.
    6. Bhat, Shabir A & Khan, Riyaz A, 2014. "Government Policy Ecosystem for Entrepreneurship Development in MSEs Sector," MPRA Paper 54540, University Library of Munich, Germany.
    7. Simone Caschili & Francesca Medda & Alan Wilson, 2015. "An Interdependent Multi-Layer Model: Resilience of International Networks," Networks and Spatial Economics, Springer, vol. 15(2), pages 313-335, June.
    8. Yana Hendayana, 2019. "The Effect of Productivity and Innovation on the Competitiveness of Batik SMEs in West Java Indonesia," GATR Journals jmmr204, Global Academy of Training and Research (GATR) Enterprise.
    9. Zhujun Liu & Jiuping Xu & Bernard Han, 2013. "Small- and medium-sized enterprise post-disaster reconstruction management patterns and application," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 68(2), pages 809-835, September.

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