Publication:
Malaysia’s Experience with the Small and Medium Sized Enterprises Masterplan: Lessons Learned

dc.contributor.author World Bank Group
dc.date.accessioned 2020-03-16T18:53:01Z
dc.date.available 2020-03-16T18:53:01Z
dc.date.issued 2020-02
dc.description.abstract Productivity-enhancing measures play a pivotal role in Malaysia’s aspirations of becoming a high-income economy. Malaysia has enjoyed an impressive growth performance over the past few decades, with growth rates of at least 7 percent per year for more than 25 consecutive years. However, with the rise of other emerging economies, notably China and India, Malaysia has faced challenges in pivoting away from a ‘low-cost, high-volume’ strategy towards a ‘high-value’ one. Small and medium-sized enterprises (SMEs) are a crucial component of Malaysia’s strategy to become a high-income nation. As SMEs account for all but 1.5 percent of firms and the bulk of production and employment, they are central to Malaysia’s objective of becoming a high-income economy. SMEs form the bedrock of the private sector and innovation and can contribute to growth by supplying multinationals or accessing international markets directly. Despite their critical importance, the share of Malaysian SMEs in GDP (32 percent) and total exports (16 percent) was far lower than competitors in 2010. At the time of preparation of the Masterplan, the export share was more than 20 percent lower than that in countries such as the Philippines, Hong Kong, Taiwan and even the US, and there was also scope for greater sectoral and geographical diversification. It was recognized that specific policies to enable favorable conditions for SMEs to flourish were needed so that they can easily expand into fast-growing markets and increase the production of knowledge- and innovation-based products and services. en
dc.identifier http://documents.worldbank.org/curated/en/504361583989615623/Malaysia-s-Experience-with-the-Small-and-Medium-Sized-Enterprises-Masterplan-Lessons-Learned
dc.identifier.uri http://hdl.handle.net/10986/33437
dc.language English
dc.publisher World Bank, Malaysia
dc.rights CC BY 3.0 IGO
dc.rights.holder World Bank
dc.rights.uri http://creativecommons.org/licenses/by/3.0/igo
dc.subject SMALL AND MEDIUM SIZE ENTERPRISE
dc.subject GOVERNMENT SUPPORT
dc.subject INVESTMENT CLIMATE
dc.subject BUSINESS ENVIRONMENT
dc.subject SME FINANCE
dc.subject MASTER PLAN
dc.subject COMPETITION POLICY
dc.subject BUDGET PROCESS
dc.subject FINANCE, COMPETITIVENESS AND INNOVATION
dc.title Malaysia’s Experience with the Small and Medium Sized Enterprises Masterplan en
dc.title.subtitle Lessons Learned en
dc.type Report en
dc.type Rapport fr
dc.type Informe es
dspace.entity.type Publication
okr.crossref.title Malaysia’s Experience with the Small and Medium Sized Enterprises Masterplan
okr.date.disclosure 2020-03-12
okr.doctype Economic & Sector Work
okr.doctype Economic & Sector Work :: PSD, Privatization and Industrial Policy
okr.docurl http://documents.worldbank.org/curated/en/504361583989615623/Malaysia-s-Experience-with-the-Small-and-Medium-Sized-Enterprises-Masterplan-Lessons-Learned
okr.identifier.doi 10.1596/33437
okr.identifier.externaldocumentum 090224b0876e1fc1_1_0
okr.identifier.internaldocumentum 31857177
okr.identifier.report 146787
okr.imported true en
okr.language.supported en
okr.pdfurl http://documents.worldbank.org/curated/en/504361583989615623/pdf/Malaysia-s-Experience-with-the-Small-and-Medium-Sized-Enterprises-Masterplan-Lessons-Learned.pdf en
okr.region.administrative East Asia and Pacific
okr.region.country Malaysia
okr.theme Trade and integration :: Export development and competitiveness
okr.topic Finance and Financial Sector Development :: Financial Sector and Social Assistance
okr.topic Private Sector Development :: Competition Policy
okr.topic Private Sector Development :: Private Sector Economics
okr.topic Private Sector Development :: Small and Medium Size Enterprises
okr.topic Social Protections and Labor :: Labor Markets
okr.unit EFI-EAP-FCI-Finance-1 (EEAF1)
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