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

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dc.contributor.authorWorld Bank Group
dc.date.accessioned2020-03-16T18:53:01Z
dc.date.available2020-03-16T18:53:01Z
dc.date.issued2020-02
dc.description.abstractProductivity-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.identifierhttp://documents.worldbank.org/curated/en/504361583989615623/Malaysia-s-Experience-with-the-Small-and-Medium-Sized-Enterprises-Masterplan-Lessons-Learned
dc.identifier.doi10.1596/33437
dc.identifier.urihttps://hdl.handle.net/10986/33437
dc.languageEnglish
dc.publisherWorld Bank, Malaysia
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectSMALL AND MEDIUM SIZE ENTERPRISE
dc.subjectGOVERNMENT SUPPORT
dc.subjectINVESTMENT CLIMATE
dc.subjectBUSINESS ENVIRONMENT
dc.subjectSME FINANCE
dc.subjectMASTER PLAN
dc.subjectCOMPETITION POLICY
dc.subjectBUDGET PROCESS
dc.subjectFINANCE, COMPETITIVENESS AND INNOVATION
dc.titleMalaysia’s Experience with the Small and Medium Sized Enterprises Masterplanen
dc.title.subtitleLessons Learneden
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleMalaysia’s Experience with the Small and Medium Sized Enterprises Masterplan
okr.date.disclosure2020-03-12
okr.doctypeEconomic & Sector Work
okr.doctypeEconomic & Sector Work::PSD, Privatization and Industrial Policy
okr.docurlhttp://documents.worldbank.org/curated/en/504361583989615623/Malaysia-s-Experience-with-the-Small-and-Medium-Sized-Enterprises-Masterplan-Lessons-Learned
okr.guid504361583989615623
okr.identifier.doi10.1596/33437
okr.identifier.externaldocumentum090224b0876e1fc1_1_0
okr.identifier.internaldocumentum31857177
okr.identifier.report146787
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/504361583989615623/pdf/Malaysia-s-Experience-with-the-Small-and-Medium-Sized-Enterprises-Masterplan-Lessons-Learned.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryMalaysia
okr.themeTrade and integration :: Export development and competitiveness
okr.topicFinance and Financial Sector Development::Financial Sector and Social Assistance
okr.topicPrivate Sector Development::Competition Policy
okr.topicPrivate Sector Development::Private Sector Economics
okr.topicPrivate Sector Development::Small and Medium Size Enterprises
okr.topicSocial Protections and Labor::Labor Markets
okr.unitEFI-EAP-FCI-Finance-1 (EEAF1)
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