SME development and technology upgrading in Malaysia: Lessons for the Philippines

• Main Author: Habaradas, Raymund B.
• Format: text
• Published: Animo Repository 2008
• Subjects: Small business—Technological innovations—Malaysia; Small business—Technological innovations—Philippines; Entrepreneurial and Small Business Operations; Technology and Innovation
• Online Access: https://animorepository.dlsu.edu.ph/faculty_research/7511
• Institution: De La Salle University

As developing countries striving for greater economic competitiveness in a global business environment, both Malaysia and the Philippines have formulated policies and implemented programs to support small- and medium-scale enterprises (SMEs) – the backbone of vibrant economies. The Philippines can learn from the experience of Malaysia, which has clearly linked SME development efforts to its industrial development goals, and has set up effective mechanisms to coordinate various efforts to assist SMEs. Worth noting are programs to improve productivity and product / service quality, to encourage innovation and technological upgrading among local firms, to encourage SME linkages, and to develop human capital.