Abdul Mongid_abstract_1522011


Abdul Mongid
FX Soegeng Notodihardjo

STIE Perbanas Surabaya
Jl. Nginden Semolo 34-36 Surabaya, 60118

Korespondensi dengan Penulis:
Abdul Mongid: Telp. +62 31 594 7151, Fax. +62 31 599 2985
E-mail: abdul_mongid@yahoo.com

Small and medium enterprises (SMEs) play a vital role in the Singapore and Malaysian economy and are considered to be the backbone of industrial development in the countries. This paper tries to investigate how government play role in development of SMEs and in what kind of support. The key messages from this paper are SMEs in both countries were facing some similar problems especially from foreign competitors and access to business opportunities but both had a different approach. In Malaysia, it is very clear that SMEs development is a part of efforts to restructure economic activities among ethnics groups. National Strategy for SME development is also put in place. There is a synergic effort among government bodies to develop SMEs. Bank Negara Malaysia plays an active role in supporting and financing. In Singapore, SMEs development programs are aimed as a conscious effort to foster local private enterprise. The strategy is applied to support the establishment, development and then internationalization. Internationalization is stressed as Singapore opens economy where free trade and globalization are as the soul. In the effort, no protection is given but support. Government strategy is to improve Money, Managerial, Market and Know-how it does. To increase access to global market, government assists SMEs in term of competency, connection and capital. Government requires the MNCs to serve both as mentors and as market outlets for their products. The target is to achieve the international competitiveness of SMEs through technology and international marketing requisites such as global standard and quality on the hope, SMEs will become a valuable partner in the future economic development of Singapore.

Key words: small and medium enterprises (SMEs), restructure economic, internationalization, Malaysia, Singapore.

<Full Text>


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s