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  1. Yangon University of Economics
  1. Yangon University of Economics
  2. International Conference Paper and Other Journal Artical

DEVELOPING ENTREPRENEURSHIP AND SMES IN MYANMAR: LESSONS LEARNED FROM THE EXPERIENCE OF KOREA (Nu Nu Lwin, 2016)

http://hdl.handle.net/20.500.12678/0000001308
http://hdl.handle.net/20.500.12678/0000001308
0cc278e7-94c2-402c-8c7f-1204a2ca969b
6ab08a90-9be6-4b92-bd51-819196cacbc7
None
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Nu Nu Nu Lwin, Dr.,SME (MM-Korea Forum_2016).pdf (3469 Kb)
Publication type
Journal article
Upload type
Publication
Title
Title DEVELOPING ENTREPRENEURSHIP AND SMES IN MYANMAR: LESSONS LEARNED FROM THE EXPERIENCE OF KOREA (Nu Nu Lwin, 2016)
Language en
Publication date 2016-01-01
Authors
Nu Nu Lwin, Dr.
Description
Small and Medium Enterprises (SMEs) are major contributors to country's economy and serve as
a backbone of economic growth especially for developing countries like Myanmar. The
government endeavors to promote the SMEs through a series of economic and political reforms in
its transition to market-oriented economy. However, SMEs in Myanmar are still facing several
challenges to achieve economies of scale and competitiveness to penetrate regional and
international market. This paper aims to assess the current situation of entrepreneurship and SMEs
in Myanmar and to explore the ways to promote entrepreneurship and SMEs development with the
references to experience of Korea. To realize this end, the influencing factors on entrepreneurial
activities and the challenges and issues facing by Myanmar SMEs have been analyzed. At the same
time, institutional setup and policy environment that lead to significant increases of
entrepreneurship and development of SMEs in Korea were also explored in order to find out the
ways to improve policy measures and to create conducive environment for entrepreneurship and
SMEs development in Myanmar. According to the survey, the challenges faced by Myanmar SMEs
can be summarized as limited sources of finance and technology, insufficient facilitation for
accessing international market, weak institutional and legal environment, and inadequate
supporting services for new set-ups, in order of importance. This paper proposed policy
recommendations based on survey results of Myanmar SMEs and policy and institutional
environment of Koreas SMEs sector. These policy measures are expected to create conducive and
business-friendly environment and thereby, lead to development of entrepreneurship and SMEs
and eventually, the growth of Myanmar economy.
Keywords
Entrepreneurship
Journal articles
Myanmar Korea Connectivity Forum
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