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Financial obstacles faced by micro, small and medium enterprises in the South Pacific

Naidu, Suwastika and Chand, Anand (2011) Financial obstacles faced by micro, small and medium enterprises in the South Pacific. UNSPECIFIED.

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Abstract

Globally, there is an increased recognition of the important role played by micro, small and medium enterprises (MSMEs) in the economic development of a country. Similarly, in the South Pacific region, MSMEs is the main engine behind the economic growth. In particular, MSMEs is one of the biggest contributors to GDP, employment and plays a core role in the supply chain of large businesses. One of the major problems faced by MSMEs in South Pacific Island countries is lack of finance to advance business growth. MSMEs lack setup capital, liquid capital, working capital and investment capital to survive and grow in a dynamic and predatory competitive business environment. MSMEs heavily depend on the financial institutions such as banks, credit corporations and development banks for the supply of finance to meet their daily financial needs. Against this backdrop this paper will examine the financial obstacles faced by MSMEs. The paper will provide some recommendations for change in government policy and regulation in assisting SMEs.

Item Type: Other
Subjects: H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HG Finance
Divisions: Faculty of Business and Economics (FBE) > School of Management and Public Administration
Depositing User: Ms Shalni Sanjana
Date Deposited: 20 Jun 2011 20:11
Last Modified: 28 Jun 2012 20:02
URI: http://repository.usp.ac.fj/id/eprint/4746
UNSPECIFIED

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