ABSTRACT

Southeast Asia's Small Businesses Need Regional Readiness Boost in COVID-19 New Normal   [open pdf - 0B]

From the Document: "Amid the COVID-19 [coronavirus disease 2019] pandemic, ASEAN's [Association of Southeast Asian Nations] micro, small and medium-sized businesses have faced significant impact and are critical to economic recovery. The ASEAN Coordinating Committee on Micro, Small and Medium Enterprises (ACCMSME) and the Organisation for Economic Cooperation and Development (OECD) recently released a Policy Insight on boosting the resilience of MSMEs which is a critical and commendable effort to support small businesses in the region. The Policy Insight highlights how ASEAN can gain from sharing information and best practices in supporting MSMEs. Proposals include combining short term stimulus with long term structural measures, adopting targeted measures for small businesses in deeply affected sectors, paying attention to delivery and performance, accelerating digitization, and considering social impacts. This is especially pertinent since MSMEs account for a vast majority of total business establishments in the Southeast Asia region and more than half of total employment in every ASEAN member state."

Report Number:
No. 518
Author:
Publisher:
Date:
2020-07-21
Series:
Copyright:
East-West Center
Retrieved From:
East-West Center: https://www.eastwestcenter.org/
Media Type:
application/pdf
URL:
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