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Readiness of MSMEs in Facing ASEAN Economic Community 2015 (Hardcover)
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Readiness of MSMEs in Facing ASEAN Economic Community 2015 (Hardcover)
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From a worldwide perspective, it has been recognized that micro,
small and medium enterprises (MSMEs) play a vital role in economic
development, as they have been the primary sources of
job/employment creation and output growth. Even now it is generally
believed that sustainable and inclusive economic development in
developing regions (i.e. Asia, Africa and Latin America) depends to
a large extent on the vibrant private sector, in particular MSMEs.
This book is about MSMEs in ASEAN (Association of Southeast Asian
Nations), providing most recent evidence on development and
performance of the enterprises in individual member states (i.e.
Indonesia, Singapore, Thailand, Malaysia, Myanmar, Kambodia, Lao
PDR, Vietnam, the Philippines, and Brunei Darussalam).
Historically, MSMEs have always been the main players in domestic
economic activities in the region. In all member states, the
enterprises made up more than 90 percent of all enterprises, total
employment, and even in some member states the enterprises
contributed more than 50 per cent to their gross domestic products
(GDP). Currently, one important issue regarding the development of
MSMEs, not only in ASEAN but also in other developing regions in
the world, is about the long run prospect of their existence or
development in the course of increasing pressures of world trade
liberalisation and economic globalisation. This book tries to
answer the key question that currently is still under both academic
and public debates, namely can MSMEs, especially micro enterprises,
survive in the long-run in course of increasing competition
pressures in both domestic and regional/international markets? The
question is particular important for MSMEs in ASEAN as it is going
to implement fully liberalisation in trade and investment in 2015,
known as ASEAN Economic Community in 2015. Despite the fact that
the above mentioned issue is increasingly important, unfortunately,
not so many books have been published so far that touches this
particular issue. Therefore, this book is to fill this gap.
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