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SME Development in Malaysia: Domestic and Global Challenges

Author

Listed:
  • Saleh, Ali Salman

    () (Monash University Malaysia)

  • Ndubisi, Nelson Oly

    () (Monash University Malaysia)

Abstract

The primary objectives of this paper are to analyze and discuss the development of Malaysian SMEs and their role, as well as various contributions, in the national economy. The paper goes further by reviewing extant literature to identify the major challenges facing this sector in Malaysia as well as government policies aimed at the development of SMEs. We find that, while the government has implemented many programs to strengthen the performance of SMEs in the economy, Malaysian SMEs still face many challenges, both domestic and external, which could hinder their resilience and competitiveness. A number of strategies which could assist them to access new markets, increase their revenues and expand their customer bases are identified.

Suggested Citation

  • Saleh, Ali Salman & Ndubisi, Nelson Oly, 2006. "SME Development in Malaysia: Domestic and Global Challenges," Economics Working Papers wp06-03, School of Economics, University of Wollongong, NSW, Australia.
  • Handle: RePEc:uow:depec1:wp06-03
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    File URL: http://www.uow.edu.au/content/groups/public/@web/@commerce/@econ/documents/doc/uow012216.pdf
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    Keywords

    Malaysian economy; Malaysian SMEs; government assistance programs;

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