SQUEEZING THE ASIAN ENTREPRENEURIAL ENGINE: THE IMPACT OF THE CREDIT SQUEEZE ON SUSTAINABLE ENTREPRENEURIAL JOB CREATION IN ASIA

Chris Hall
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Chris Hall: Graduate School of Management, Macquarie University, Australia

Journal of Enterprising Culture (JEC), 2000, vol. 08, issue 02, 141-167

Abstract: Firms in Japan, China, Indonesia, Korea, and most of the rest of Asia, are now facing a prolonged period of very tight credit. Because many banks in the region need to increase their capital adequacy ratios and reduce their risk exposure, most are now unwilling to lend to small, fast growing firms. However, mounting evidence from OECD suggests that the bulk of net job creation comes from a relatively small proportion of fast growing SMEs. The ability to create new jobs will be especially important in Asia in the coming years, and it is unlikely that government infrastructure projects and large firms will be able to provide the job growth required.

Date: 2000
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DOI: 10.1142/S0218495800000097

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