The study on small and medium enterprises (SMEs) in Myanmar

Abstract

The prime purpose of this dissertation was to learn the study on Small and Medium Enterprises in Myanmar. Particularly in a variety of surveys on Myanmar SMEs revealed financing to be one of the leading pitfalls of SMEs with deficient financing might pose visible and invisible complications, such as failure to advance machinery and human resources development, incapability of business growth, product and market development. These challenges might affect their efficiency and competitiveness. If Myanmar is able to troubleshoot it, Achilles heels on SME development can be vividly reduced. Thus, this paper spotlights multi-dimensions of SMEs in Myanmar and discussed troubleshooting strategies in short and long termed goal. The combination of systematic SMEs development programs in Myanmar might bring out fruitful efficiency and effectiveness of SME sectors and make best application of economic incorporation in respective areas for national welfare. This thesis was organized with six chapters. The contribution of introduction and rationale of the study, objectives of the study, method of the study and organization of the study, focused on essence of SMEs in economic development, the strategic importance of SMEs and supporting economic expansion, background of SMEs in industrial growth and the role of SMEs in Myanmar and current situation and discussed of current state of SMEs in Myanmar such as official and working definition of SMEs, overview of SMEs development in Myanmar, key SME support agencies and services in Myanmar. And then this paper described suggestions for improving SMEs and finding and suggestion are pointed out in conclusion. This paper finds out to point out how SMEs plays a vital role in industrialization and economic development and tackle financing SMEs dilemma and potential pitfalls. This study also aims at exploring out feasible approaches so as to pinpoint and resolve problems on the base of feasible and productive suggestion for Myanmar.