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Financing Small and Medium Enterprises in Myanmar

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  • Aung, Kyaw

Abstract

Small and medium enterprises (SMEs) share the biggest part in Myanmar economy in terms of number, contribution to employment, output, and investment. Myanmar economic growth is thus totally dependent on the development of SMEs in the private sector. Today, the role of SMEs has become more vital in strengthening national competitive advantage and the speedy economic integration into the ASEAN region. However, studies show that SMEs have to deal with a number of constraints that hinder their development potential, such as the shortage in power supply, unavailability of long-term credit from external sources and many others. Among them, the financing problem of SMEs is one of the biggest constraints. Such is deeply rooted in demand and supply issues, macroeconomic fundamentals, and lending infrastructure of the country. The government’s policy towards SMEs could also lead to insufficient support for the SMEs. Thus, focusing on SMEs and private sector development as a viable strategy for industrialization and economic development of the country is a fundamental requirement for SME development. This paper recommends policies for stabilizing macro economic fundamentals, improving lending infrastructures of the country and improving demand- and supply-side conditions from the SMEs financing perspective in order to provide a more accessible financing for SMEs and to contribute in the overall development of SMEs in Myanmar thereby to sharpen national competitive advantage in the age of speedy economic integration.

Suggested Citation

  • Aung, Kyaw, 2008. "Financing Small and Medium Enterprises in Myanmar," IDE Discussion Papers 148, Institute of Developing Economies, Japan External Trade Organization(JETRO).
    • Handle: RePEc:jet:dpaper:dpaper148
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    References listed on IDEAS

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    1. Kudo, Toshihiro, 2005. "Stunted and Distorted Industrialization in Myanmar," IDE Discussion Papers 38, Institute of Developing Economies, Japan External Trade Organization(JETRO).
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    Cited by:

    1. Joanna Duda & Maciej Wozniak, 2018. "Bank policies towards SME sector in Poland and selected countries worldwide," Managerial Economics, AGH University of Science and Technology, Faculty of Management, vol. 19(1), pages 25-47.
    2. Belton, Ben & Hein, Aung & Htoo, Kyan & Kham, L. Seng & Nischan, Ulrike & Reardon, Thomas & Boughton, Duncan, 2015. "• Aquaculture in Transition: Value Chain Transformation, Fish and Food Security in Myanmar," Food Security International Development Working Papers 230981, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    3. Naylin Oo, 2015. "The implementation of small and medium-sized enterprise development in rice sector of Myanmar: empirical research findings," Asia-Pacific Development Journal, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), vol. 22(1), pages 99-141, June.
    4. Kapteyn, Arie & Wah, Saw Htay, 2016. "Challenges to small and medium-size businesses in Myanmar: What are they and how do we know?," Journal of Asian Economics, Elsevier, vol. 47(C), pages 1-22.
    5. Abolghasem Oviesy Kahkha & Ahmad Kahrazeh & Hamed Armesh, 2014. "Corporate Entrepreneurship and Firm Performance Important Role of Small and Medium Enterprise," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 4(6), pages 8-25, June.
    6. Belton, Ben & Hein, Aung & Htoo, Kyan & Kham, L. Seng & Nischan, Ulrike & Reardon, Thomas & Boughton, Duncan, 2015. "Aquaculture In Transition: Value Chain Transformation, Fish And Food Security In Myanmar," Feed the Future Innovation Lab for Food Security Policy Research Papers 259027, Michigan State University, Department of Agricultural, Food, and Resource Economics, Feed the Future Innovation Lab for Food Security (FSP).

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    More about this item

    Keywords

    Small and medium enterprise (SME); Small and medium-scale enterprises; Financing; Competitiveness; Myanmar; Japan; ASEAN; Southeast Asia; Finance; 中小企業; 資金調達; 競争力; ミャンマー; 日本; アセアン; 東南アジア; 金融;
    All these keywords.

    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General

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