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Policy Guidebook for SME Development in Asia and the Pacific

image of Policy Guidebook for SME Development in Asia and the Pacific
As drivers of economic growth and prosperity, small and medium enterprises (SMEs) play a key role in economic development. However, the SME sectors of developing Asia-Pacific economies face issues (both general and nation-specific) that hinder their growth. There is a strong need to tackle such issues while taking into account the variety of experiences, policies and programmes of different countries. Covering major SME constraints — business enabling environment, entrepreneurial culture, access to finance, innovation and technology adaptation, business development services, and market access — this publication proposes public policy guidelines with an aim to develop a vibrant SME sector. It serves as a training manual for entrepreneurs, trainers as well as business associations for SME capacity building.

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Business enabling environment

The Donor Committee for Enterprise Development (DCED, 2008) noted that BEE was an interplay of policy, legal, institutional, regulatory and physical conditions that facilitated business activities. It is critical to the economic development of a country as it provides the fundamentals of steady private sector development. It is an indispensable condition for competitiveness, the growth of individual enterprises and the development of the SME sector which is a particularly vulnerable and disadvantaged segment of the private sector. The aim of all BEE programmes is to help create a more effective environment for investment and business development.

English

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