IDEAS home Printed from https://ideas.repec.org/a/ura/ecregj/v1y2017i2p381-395.html
   My bibliography  Save this article

Comparative Positioning Of Small And Medium Enterprises In Bangladesh, Thailand And The Philippines

Author

Listed:
  • Muhammad Ali

    (Presidency University)

  • Vichayanan Rattanawiboonsom

    (Development and Quality Assurance of Education, Graduate School, Faculty of Business, Economics and Communications, Naresuan University)

  • Candido M. Perez

    (College of Business and Accountancy)

  • Abdullah Khan

    (Dept. of Sociology, Khulna University)

Abstract

Small and Medium Enterprises (SMEs) play a significant role in the nation’s economic development process. SMEs provide job opportunities, create wealth, promote modernization and contribute to technological changes. The Asia-Pacific Region is foreseen to be the next economic boom. A comparison of SMEs in Bangladesh, Thailand and the Philippines on their SMEs Landscape, Banking sector, Non-Banking sector and Capital Markets would give a picture of which strengths, weaknesses, opportunities and threats these countries face. The time period of the study is from August 2016 to January 2017. Based on the secondary sources of data, the research was conducted to examine real scenarios. The study aimed at getting information whether each country would have any benchmark to attain the best practices. The study found that SMEs credit and repayment schemes in these countries need to be gradually improved. Through proper utilization of SMEs, these countries can alleviate poverty and attain economic progress. Unfortunately, the informal sector of these countries is playing a large role. It should be transformed to formal sector by financial inclusion. This can be achieved by setting up SMEs in the formal sector .The creation of employment along with poverty reduction in the formal sector will enhance economic growth as well as fulfill the basic needs and create empowerment of people. Community banking is suggested to be introduced for accumulating micro-savings and allocating, distributing setting up SMEs in the formal sector through micro investment under the umbrella of community banking. Further, under the regional cooperation flagship of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) Bangladesh and Thailand may work in collaborative manner in the SMEs sector. The Philippines may join the regional body of BIMSTEC and collaborate with SMEs at the regional level. This may lead to achieve some goals of sustainable development goals (SDGs). SMEs can work more rigorously for lower income group people to improve their living standard. The further research on these three countries can consider primary sources of data to find out the way to implement community bank for transforming micro savings to micro investment for removing income inequality, disparity and attaining social justice.

Suggested Citation

  • Muhammad Ali & Vichayanan Rattanawiboonsom & Candido M. Perez & Abdullah Khan, 2017. "Comparative Positioning Of Small And Medium Enterprises In Bangladesh, Thailand And The Philippines," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(2), pages 381-395.
    • Handle: RePEc:ura:ecregj:v:1:y:2017:i:2:p:381-395
    as

    Download full text from publisher

    File URL: http://economyofregion.ru/Data/Issues/ER2017/June_2017/ERJune2017_381_395.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Jennifer L. Woolley, 2014. "The Creation and Configuration of Infrastructure for Entrepreneurship in Emerging Domains of Activity," Entrepreneurship Theory and Practice, , vol. 38(4), pages 721-747, July.
    2. Ana Moreno-Monroy & Janneke Pieters & Abdul Erumban, 2014. "Formal sector subcontracting and informal sector employment in Indian manufacturing," IZA Journal of Labor & Development, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 3(1), pages 1-17, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Nejla Ould Daoud Ellili, 2024. "Financial inclusion and sustainable development: A review and research agenda," Journal of Financial Services Marketing, Palgrave Macmillan, vol. 29(4), pages 1345-1364, December.
    2. Nuria Ceular-Villamandos & Virginia Navajas-Romero & Lorena Caridad y López del Río & Lucia Zita Zambrano-Santos, 2021. "Workplace Situation and Well-Being of Ecuadorian Self-Employed," Sustainability, MDPI, vol. 13(4), pages 1-26, February.
    3. Chang, Wentao & Yin, Shanminhui & Yu, Mingwen & Teymurova, Vusala & Balabeyova, Narmina, 2023. "Impact of innovation on Corporate Social Responsibility: Evidence from China," Economic Analysis and Policy, Elsevier, vol. 78(C), pages 1185-1194.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Giones, Ferran & Brem, Alexander, 2017. "From toys to tools: The co-evolution of technological and entrepreneurial developments in the drone industry," Business Horizons, Elsevier, vol. 60(6), pages 875-884.
    2. Marco Savastano & Altaf Hussain Samo & Nisar Ahmed Channa & Carlo Amendola, 2022. "Toward a Conceptual Framework to Foster Green Entrepreneurship Growth in the Agriculture Industry," Sustainability, MDPI, vol. 14(7), pages 1-16, March.
    3. Tanaka, Kiyoyasu & Hashiguchi, Yoshihiro, 2017. "Agglomeration economies in the formal and informal sectors : a Bayesian spatial approach," IDE Discussion Papers 666, Institute of Developing Economies, Japan External Trade Organization(JETRO).
    4. Awaworyi Churchill, Sefa, 2015. "Fractionalization and Entrepreneurial Activities," EconStor Preprints 123723, ZBW - Leibniz Information Centre for Economics.
    5. Ferran Giones & Kari Kleine & Silke Tegtmeier, 2022. "Students as scientists’ co-pilots at the onset of technology transfer: a two-way learning process," The Journal of Technology Transfer, Springer, vol. 47(5), pages 1373-1394, October.
    6. Ceyhun Elgin & M. ayhan Köse & Franziska Ohnsorge & Shu Yu, 2021. "Growing Apart or Moving Together? Synchronization of Informal and Formal Economy Cycles Abstract:," Working Papers 2021/04, Bogazici University, Department of Economics.
    7. Jiyoung Kimjeon & Per Davidsson, 2022. "External Enablers of Entrepreneurship: A Review and Agenda for Accumulation of Strategically Actionable Knowledge," Entrepreneurship Theory and Practice, , vol. 46(3), pages 643-687, May.
    8. Reis, Germano Glufke & Villar, Eduardo Guedes & Prado Gimenez, Fernando Antonio & Maiolino Molento, Carla Forte & Ferri, Priscila, 2022. "The interplay of entrepreneurial ecosystems and global value chains: Insights from the cultivated meat entrepreneurial ecosystem of Singapore," Technology in Society, Elsevier, vol. 71(C).
    9. David B. Audretsch & Albert N. Link, 2019. "Entrepreneurship and knowledge spillovers from the public sector," International Entrepreneurship and Management Journal, Springer, vol. 15(1), pages 195-208, March.
    10. Sushil & Kamala Kannan Dinesh, 2022. "Structured Literature Review with TISM Leading to an Argumentation Based Conceptual Model," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 23(3), pages 387-407, September.
    11. Aksu, Ege & Erzan, Refik & Kırdar, Murat Güray, 2022. "The impact of mass migration of Syrians on the Turkish labor market," Labour Economics, Elsevier, vol. 76(C).
    12. Messono, Omang & Asongu, Simplice, 2021. "Historical Prevalence of Infectious Diseases and Entrepreneurship: the Role of Institutions in 125 Countries," MPRA Paper 111842, University Library of Munich, Germany.
    13. Ronja Kirschning & Matthias Mrożewski, 2024. "Revisiting the knowledge spillover paradox: the impact of infrastructure," Small Business Economics, Springer, vol. 63(1), pages 1-20, June.
    14. Suvi Nenonen & Kaj Storbacka, 2021. "Market-shaping: navigating multiple theoretical perspectives," AMS Review, Springer;Academy of Marketing Science, vol. 11(3), pages 336-353, December.
    15. Erumban, Abdul Azeez & Das, Deb Kusum & Aggarwal, Suresh & Das, Pilu Chandra, 2019. "Structural change and economic growth in India," Structural Change and Economic Dynamics, Elsevier, vol. 51(C), pages 186-202.
    16. Prosper Senyo Koto, 2017. "Is Social Capital Important In Formal-Informal Sector Linkages?," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 22(02), pages 1-16, June.
    17. Sanjay RODE, 2015. "Employment Pattern, Skills and Training Issues among Informal Sector Workers in Mumbai Metropolitan Region," Economia. Seria Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 18(1), pages 125-138, June.
    18. Manning, Stephan & Vavilov, Stanislav, 2023. "Global development agenda meets local opportunities: The rise of development-focused entrepreneurship support," Research Policy, Elsevier, vol. 52(7).
    19. Beladi, Hamid & Mukherjee, Arijit, 2017. "Union bargaining power, subcontracting and innovation," Journal of Economic Behavior & Organization, Elsevier, vol. 137(C), pages 90-104.
    20. Duman, Anil, 2024. "The Diversity of Informal Employment: a survey of drivers, outcomes, and policies," OSF Preprints yg3t7, Center for Open Science.

    More about this item

    Keywords

    Bangladesh; Banking Sector; Community banking; Capital Market; Economic Boom; Income; Philippine; Poverty; SMEs; SDGs; Thailand; Trade;
    All these keywords.

    JEL classification:

    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ura:ecregj:v:1:y:2017:i:2:p:381-395. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Alexey Naydenov (email available below). General contact details of provider: http://www.economyofregion.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.