Small businesses : keys to overcoming the middle income country trap (annex 10 of final technical report)
Abstract
Unleashing the potential of small and medium enterprises (SMEs) in Asia requires more sophisticated policies that draw heavily on context-specific evidence. Emerging evidence suggests that countries can increase their chances to break free from the middle income trap if their economic structure promotes stronger crisis resilience, more inclusive market economies and enhanced economic competitiveness. This annex is part of a larger study “Enterprise Performance in Asia: Using firm-level data for Policy-making” and summarizes the main policy messages for developing countries.
Description
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Policy Brief
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Keywords
ECONOMIC GROWTH, SMALL SCALE INDUSTRY, FAR EAST ASIA, PRODUCTIVITY, ECONOMIES IN TRANSITION, ENTREPRENEURSHIP, ECONOMIC POLICY, CORRUPTION, ECONOMIC GOVERNANCE, POLICY MAKING, MALAYSIA