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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
    as

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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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    Citations

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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. Rafiatul Adlin Hj Mohd Ruslan & Christopher Gan & Baiding Hu & Nguyen Thi Thieu Quang, 2020. "Impact of Microcredit on SMEs Performance in Malaysia," International Journal of Business and Economics, School of Management Development, Feng Chia University, Taichung, Taiwan, vol. 19(1), pages 109-130, June.
    3. Rafiatul Adlin Hj Mohd Ruslan & Christopher Gan & Baiding Hu & Nguyen Thi Thieu Quang, 2019. "Accessibility to Microcredit by Small- and Medium-Sized Enterprises in Malaysia," International Journal of Business and Economics, School of Management Development, Feng Chia University, Taichung, Taiwan, vol. 18(3), pages 287-305, December.

    More about this item

    Keywords

    Malaysian economy; Malaysian SMEs; government assistance programs;
    All these keywords.

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