Asia Small and Medium-Sized Enterprise Monitor 2020 - Volume I: Country and Regional Reviews

This volume reviews MSMEs in Southeast Asia, providing data and analysis for evidence-based policy design on MSME development. The development of MSMEs is crucial for promoting inclusive growth in developing economies in Asia and the Pacific.

Format: Paperback / softback
Length: 274 pages
Publication date: 28 February 2021
Publisher: Asian Development Bank

This comprehensive volume delves into the realm of micro, small, and medium-sized enterprises (MSMEs) in Southeast Asia, offering a valuable resource for evidence-based policy design aimed at fostering the growth and development of these vital enterprises. Recognizing the pivotal role that MSMEs play in promoting inclusive growth in developing economies across Asia and the Pacific, the Asia Small and Medium-Sized Enterprise Monitor (ASM) 2020 takes a focused approach, shedding light on the financial and non-financial conditions of MSMEs at both country and regional levels. With an eye toward expansion in the coming years, the ASM aims to encompass a broader range of countries, ensuring a comprehensive understanding of the unique challenges and opportunities faced by MSMEs in different regions.

The significance of MSMEs in Southeast Asia cannot be overstated. These businesses represent a significant portion of the region's economy, accounting for a substantial share of employment, output, and innovation. They play a crucial role in driving economic development, particularly in rural areas and underserved communities, where they provide employment opportunities and access to essential goods and services.

However, the development of MSMEs faces numerous challenges. One of the primary challenges is access to finance, including capital, loans, and insurance. MSMEs often struggle to secure adequate financing, which can hinder their growth and expansion. Additionally, MSMEs often face regulatory barriers, such as complex tax laws, cumbersome licensing procedures, and inadequate infrastructure, which can make it difficult for them to operate efficiently and compete in the market.

To address these challenges, governments, international organizations, and private sector stakeholders have implemented various policies and programs aimed at supporting MSME development. These include initiatives to improve access to finance, provide training and technical assistance, promote entrepreneurship, and streamline regulatory processes.

The ASM 2020 provides valuable insights into the financial and non-financial conditions of MSMEs in Southeast Asia. It offers a comprehensive analysis of the trends, challenges, and opportunities facing these enterprises, based on data collected from a wide range of sources. The report includes information on MSMEs' access to finance, their financial performance, their business practices, and their impact on employment, poverty reduction, and economic growth.

The findings of the ASM 2020 are significant for policymakers, investors, and other stakeholders interested in promoting MSME development in Southeast Asia. The report provides a roadmap for policymakers to develop effective policies and programs that support MSME growth, including measures to improve access to finance, enhance the business environment, and promote innovation and entrepreneurship.

In conclusion, the development of MSMEs remains a critical priority in Southeast Asia, as these enterprises play a vital role in promoting inclusive growth, creating employment opportunities, and driving economic development. The ASM 2020 provides a valuable resource for evidence-based policy design and highlights the need for concerted efforts by governments, international organizations, and private sector stakeholders to support MSME development in the region. By addressing the challenges faced by MSMEs and fostering an enabling environment, we can unlock the full potential of these enterprises and contribute to the sustained growth and prosperity of Southeast Asia.

Weight: 856g
Dimension: 214 x 280 x 23 (mm)
ISBN-13: 9789292624217