Developing entrepreneurship and SMEs in Myanmar : lessons learned form the experience of Korea (Nu Nu Lwin, 2016)

Nu Nu Lwin, Dr.

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Developing entrepreneurship and SMEs in Myanmar : lessons learned form the experience of Korea (Nu Nu Lwin, 2016)

http://hdl.handle.net/20.500.12678/0000007019

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Dr. Nu Nu Lwin, Developing entrepreneurship...SME (MM-Korea Forum_2016).pdf (3.3 MB)

Publication type
		Conference paper
Upload type
		Other
Title
	Title	Developing entrepreneurship and SMEs in Myanmar : lessons learned form the experience of Korea (Nu Nu Lwin, 2016)
	Language	en
Publication date		2016-09-24
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, SMEs development, Entrepreneurial activities, Korean’s experience, Iinstitutional environment
Conference papers
		29-9-2016
		The 2016 Korea-Myanmar Connectivity Forum
		Multi-Purpose Hall, National Museum, Yangon
		2

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