Development Constraints

Tulus Tahi Hamonangan Tambunan

Chapter 6 in SMEs in Asian Developing Countries, 2009, pp 159-184 from Palgrave Macmillan

Abstract: Abstract The development of viable and efficient SMEs is hampered by several constraints. These constraints may differ from region to region, between rural and urban areas, between sectors, or between individual enterprises within a sector. However, certain constraints are common to all SMEs, including the lack of capital, human resources, technology, and information; difficulties in procuring raw materials, marketing, and distribution; high transportation costs; problems caused by cumbersome and costly bureaucratic procedures, especially in obtaining the necessary licenses; and policies and regulations that generate market distortions.

Keywords: Financial Institution; Development Constraint; Asian Development Bank; Loan Portfolio; Reservation Policy (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-25094-9_6

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DOI: 10.1057/9780230250949_6

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