the paper concludes with three important findings. First, SMEs are of overwhelming importance in
ASEAN countries, especially for employment or income generation. Second, although the SME experiences during the 1997/98 crisis were different between countries, the assumption that the
SMEs in general weather a crisis as in 1997/98 better than their larger counterparts cannot be
verified. Third, the situation for SMEs with respect to the main constraints is more or less
similar between countries, namely, they lack technical and managerial capabilities, access
to greater markets, access to finance, skilled workers,and lack of access to information which
is vital to business.
the paper concludes with three important findings. First, SMEs are of overwhelming importance inASEAN countries, especially for employment or income generation. Second, although the SME experiences during the 1997/98 crisis were different between countries, the assumption that the SMEs in general weather a crisis as in 1997/98 better than their larger counterparts cannot be verified. Third, the situation for SMEs with respect to the main constraints is more or less similar between countries, namely, they lack technical and managerial capabilities, access to greater markets, access to finance, skilled workers,and lack of access to information whichis vital to business.
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