Smes in the Malaysian Economy

SMEs in the Malaysian Economy 1.0 Introduction This literature review instigated on the take of SMEs in the Malaysian economy. The sources found referred from the previous researches, journalists, articles, professionals, etc which relevant to this topic. purpose methodologies are from the books, electronic books, online journals, annual report, etc. The main object glass of this literature review is to talk about the important and the study of SMEs in the Malaysian economy in term of theme facilities and application of ICT, financial upholdance and advisory services, and market access. 2.0 register of SMEs in Malaysia After Malaysia independence, resource-based and agriculture sector was the main economy. consort to Ching (2004), there were two different industrialization strategies ran by Malaysian government from 1960s-1980s. The import substitution industrialization (ISI) was the first strategy during 1960s, the second strategy was the export oriented during 1970s, there was more than focusing on the sector of textiles and electronics in 1980s. The New sparing Policy was established in the early of 1970s mean to reshuffle ethic economic inequities and progress peoples welfare which was under the governments promise for encourage the learning of SMEs (Salah and Ndubisi, 2006).

Furthermore, in the second Industrial Master throw (IMP2) and third Industrial Master Plan (IMP3) government identification number as a very important actor to assist SMEs, move forward to adapt the 2020 countrys mental imagery (MITI, 2005). 3.0 A Profile of SMEs in Malaysia Small and medium enterprises (SMEs) puzzle out an important role in the development of Malaysian economy. heart and soul from YAB Prime Minister Malaysia, Dato Sri Mohd Najib Tun Haji Abdul Razak (2009), SMEs in Malaysia accounted for 99.2% of total traffic sector, and SMEs are an important source of endogenous growth, a break government priority national agenda in the development of SMEs. According to Grilo and Thurik (2006), the... If you want to get a full essay, piece it on our website: Ordercustompaper.com

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