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Regional integration in Asia and the contribution of SMEs: a review of the key issues and policy imperatives

Conference Paper


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Abstract


  • Over the past decade the economies of East Asia and APEC more generally have been

    increasingly opening up their markets, and in the process have achieved significant

    gains in exports and economic growth. In conjunction with this increased economic

    integration, there has been increased recognition by regional governments of the

    potential for a substantial increase in the participation by small businesses in the

    generation of regional income, employment, exports, investment and expanded

    economic growth. Advances in information and communications technology add

    credence to this potential. In addition, developing economies are especially seeing

    small businesses as potential instruments for the alleviation of poverty and regional

    development. While in developed economies the formation of horizontal and vertical

    clusters of small businesses can form the basis for internationally competitive regions,

    and this can be further enhanced through the construct of networks with similar small

    businesses locally or internationally.

    This viewpoint was given further stimulus after the financial and economic crisis of

    1997-98, arising from which there has been a growing recognition of the need for the

    East Asian economies to engage in comprehensive restructuring of their corporate

    sectors, with the objective of achieving transparency, improving corporate governance

    and developing globally competitive enterprises. Small and medium enterprises

    (SME) can play a key role in the attainment of such objectives.

    This paper reviews the contribution of the SME sector to the growth and development

    of the East Asian economies, and their important contribution to economic growth,

    employment, trade and investment and the development of globally competitive

    economies. In doing so identification of the potentially important role of SMEs in

    facilitating and bringing about the practical benefits of closer economic integration are

    also emphasized. To enable this to occur it is important to identify within the East

    Asian region: barriers to their development; key factors essential for their capacity

    building; strategies to enhance their competitiveness in the global marketplace; key

    components relating to their export success; and their role and importance in

    facilitating regional economic development, reducing income inequality, and

    empowering regional involvement in the global economy.

Publication Date


  • 2008

Citation


  • Harvie, C. (2008). Regional integration in Asia and the contribution of SMEs: a review of the key issues and policy imperatives. In M. Pahlavani & K. Tayebi (Eds.), The 7th APEF International Conference on East and West Asian Trade and Economic Relations: Opportunities, Challenges and Outcomes (p. [33]). Iran: University of Isfahan.

Ro Full-text Url


  • http://ro.uow.edu.au/cgi/viewcontent.cgi?article=2900&context=commpapers

Ro Metadata Url


  • http://ro.uow.edu.au/commpapers/1851

Start Page


  • [33]

Place Of Publication


  • http://www.apef-conf.com/en_default.asp

Abstract


  • Over the past decade the economies of East Asia and APEC more generally have been

    increasingly opening up their markets, and in the process have achieved significant

    gains in exports and economic growth. In conjunction with this increased economic

    integration, there has been increased recognition by regional governments of the

    potential for a substantial increase in the participation by small businesses in the

    generation of regional income, employment, exports, investment and expanded

    economic growth. Advances in information and communications technology add

    credence to this potential. In addition, developing economies are especially seeing

    small businesses as potential instruments for the alleviation of poverty and regional

    development. While in developed economies the formation of horizontal and vertical

    clusters of small businesses can form the basis for internationally competitive regions,

    and this can be further enhanced through the construct of networks with similar small

    businesses locally or internationally.

    This viewpoint was given further stimulus after the financial and economic crisis of

    1997-98, arising from which there has been a growing recognition of the need for the

    East Asian economies to engage in comprehensive restructuring of their corporate

    sectors, with the objective of achieving transparency, improving corporate governance

    and developing globally competitive enterprises. Small and medium enterprises

    (SME) can play a key role in the attainment of such objectives.

    This paper reviews the contribution of the SME sector to the growth and development

    of the East Asian economies, and their important contribution to economic growth,

    employment, trade and investment and the development of globally competitive

    economies. In doing so identification of the potentially important role of SMEs in

    facilitating and bringing about the practical benefits of closer economic integration are

    also emphasized. To enable this to occur it is important to identify within the East

    Asian region: barriers to their development; key factors essential for their capacity

    building; strategies to enhance their competitiveness in the global marketplace; key

    components relating to their export success; and their role and importance in

    facilitating regional economic development, reducing income inequality, and

    empowering regional involvement in the global economy.

Publication Date


  • 2008

Citation


  • Harvie, C. (2008). Regional integration in Asia and the contribution of SMEs: a review of the key issues and policy imperatives. In M. Pahlavani & K. Tayebi (Eds.), The 7th APEF International Conference on East and West Asian Trade and Economic Relations: Opportunities, Challenges and Outcomes (p. [33]). Iran: University of Isfahan.

Ro Full-text Url


  • http://ro.uow.edu.au/cgi/viewcontent.cgi?article=2900&context=commpapers

Ro Metadata Url


  • http://ro.uow.edu.au/commpapers/1851

Start Page


  • [33]

Place Of Publication


  • http://www.apef-conf.com/en_default.asp