Paper Status Tracking
Contact us
[email protected]
Click here to send a message to me 3275638434
Paper Publishing WeChat

Article
Affiliation(s)

Alex Maritz, Ph.D., Faculty of Business and Enterprise, Swinburne University of Technology.
Viet Le, Ph.D., Faculty of Business and Enterprise, Swinburne University of Technology.
Simon Masli, Ph.D., Faculty of Business and Enterprise, Swinburne University of Technology.
Anton de Waal, Ph.D., Faculty of Business and Enterprise, Swinburne University of Technology.
Bert Verhoeven, Lecturer, Faculty of Business and Enterprise, Swinburne University of Technology.
Shieh, Chich Jen, Ph.D., Department of International Business, Chang Jung University.

ABSTRACT

Entrepreneurship and growth are driving forces in the development of emerging economic systems. In this exploratory study we discuss emerging economies within a South-East Asia context. In particular, we expand on a previous study on the East Asian Tiger economies, and introduce the mini-dragon economies of Indonesia, Malaysia, Thailand, and Philippines. We explore the role of various economic indicators and indices, entrepreneurship and SMEs as drivers of growth in these emerging economies. Growth factors unique to the region are also identified, and institutional and government interventions are recommended. Furthermore, we elaborate on the interdependence of the entire region on each of the mini-dragon economies. Since we have highlighted only a few of the emerging economies in the region, opportunities exist to expand the base for further study.

KEYWORDS

entrepreneurship, growth, SMEs, mini-dragon economies

Cite this paper

References
Abdullah, S., & Muhammad, A. (2008). The development of entrepreneurship in Malaysia: State‐led initiatives. Asian Journal of Technology Innovation, 16(1), 101-116.
Ahmad, F., Baharun, R., & Rahman, S. H. A. (2004). Interest in entrepreneurship: An exploratory study on engineering and technical students in entrepreneurship education and choosing entrepreneurship as a career. Project Report, Faculty of Management and Human Resource Development, Skudai, Johor.
Ahmad, N. H., & Seet, P. S. (2010). Gender variations in ethical and socially responsible considerations among SME entrepreneurs in Malaysia. International Journal of Business & Society, 11(1), 77-88.
Anwara, S., & Nguyen, L. (2010). Foreign direct investment and economic growth in Vietnam. Asia Pacific Business Review, 16, 183-202.
Ariff, M., & Abubakar, S. Y. (2003). Strengthening entrepreneurship in Malaysia. Kuala Lumpur: Institute of Economics Research.
Augustin-Jean, L. (2010). Entrepreneurship as a contributor to growth in Asia: The case of Hong Kong. Canadian Journal of Development Studies, 31(3-4), 317-340.
Awang, A., Ahmad, Z., Asghar, A. R. S., & Subari, K. A. (2010). Entrepreneurial orientation among Bumiputera Small and Medium Agro-Based Enterprises (BSMAEs) in West Malaysia: Policy implication in Malaysia. International Journal of Business & Management, 5(5), 130-143.
Batalla, E. V. (2010). Entrepreneurship and Philippine development. Canadian Journal of Development Studies, 31(3-4), 341-365.
Baughn, C. C., Cao, J. S. R., Le, L. T. M., Lim, V. A., & Neupert, K. E. (2006). Normative, social and cognitive predictors of entrepreneurial interest in China, Vietnam and the Philippines. Journal of Developmental Entrepreneurship, 11(1), 57.
Begley, T. M., & Tan, W. L. (2001). The socio-cultural environment for entrepreneurship: A comparison between East Asian and Anglo-Saxon countries. Journal of International Business Studies, 32(3), 537-553.
Bhasin, B. B., & Venkataramany, S. (2010). Globalization of entrepreneurship: Policy considerations for SME development in Indonesia. International Business & Economics Research Journal (IBER), 9(4), 92-118.
Bruton, G. D., Ahlstrom, D., & Obloj, K. (2008). Entrepreneurship in emerging economies: Where are we today and where should the research go in the future. Entrepreneurship Theory and Practice, 32(1), 1-14.
Chen, S. (2010). Dimensions of Taiwanese entrepreneurship. Global Business Review, 11(3), 333-345.
Choo, S. (2005). Developing an entrepreneurial culture in Singapore: Dream or reality. Asian Affairs, 36(3), 361-373.
Cole, S. (2007). Entrepreneurship and empowerment: Considering the barriers—A case study from Indonesia. Tourism Review, 55(4), 461-473
Dahles, H. (2008). Entrepreneurship and the legacies of a developmental state: Singapore enterprises venturing across national borders. Journal of Developmental Entrepreneurship, 13(4), 485-508.
Das, D. K. (2012). How did the Asian economy cope with the global financial crisis and recession? A revaluation and review. Asia Pacific Business Review, 18(1), 7-25.
Global Entrepreneurship Monitor (GEM). (2007). Philippine report 2006-2007. Retrieved from http://www.gemconsortium.org/document.aspx?id=673
Global Entrepreneurship Monitor (GEM). (2010). Global report 2010. Retrieved from http://www.gemconsortium.org/download/1326348227500/GEM%20GLOBAL%20REPORT%202010rev.pdf
Harvie, C. (2007). SME development strategy in Vietnam. Proceedings from The 4th SMEs in a Global Economy Conference: Responding to Global Challenges and Opportunities, Shah Alam Selangor, Malaysia.
Hessels, J., & van Stel, A. (2011). Entrepreneurship, export orientation, and economic growth. Small Business Economics, 37, 255-268.
Jayachandran, G., & Seilan, A. (2010). A causal relationship between trade, foreign direct investment and economic growth for India. International Research Journal of Finance and Economics, 42, 74-88.
Johnson, J. P., Munoz, J. M., & Alon, I. (2007). Filipino ethnic entrepreneurship: An integrated review and propositions. International Entrepreneurship and Management Journal, 3(1), 69-85.
Kusumawardhani, A., McCarthy, G., & Perera, N. (2009). Framework of entrepreneurial orientation and networking: A study of SMEs performance in a developing country. Proceedings of the Australian and New Zealand Academy of Management Conference (pp. 1-16).
Kwon, J. K., & Kang, J. M. (2011). The East Asian model of economic development. Asian-Pacific Economic Literature, 25(2), 116-130.
Lagace, M. (2011). Entrepreneurship in Asia and foreign direct investment. Retrieved April 24, 2012, from http://hbswk.hbs.edu/item/2948.html
Lee, S. M., Lim, S., & Pathak, R. D. (2011). Culture and entrepreneurial orientation: A multi-country study. International Entrepreneurship and Management Journal, 7(1), 1-15.
Low, L. (2005). Entrepreneurship development in Ireland and Singapore. Journal of the Asia Pacific Economy, 10(1), 116-138.
Man, T. W. Y., & Lau, T. (2005). The context of entrepreneurship in Hong Kong: An investigation through the patterns of entrepreneurial competencies in contrasting industrial environments. Journal of Small Business and Enterprise Development, 12(4), 464-481.
Maritz, P. A. (2011). Keynote address: Global entrepreneurship and the East Asian tiger economy. Retrieved from http://www.enterprisemkt.org
Moskovitch, I., & Kim, D. J. (2008). Building an entrepreneurial economy: The case of Korea 1998-2005. Global Economic Review, 37(1), 63-73.
OECD. (2011). Thailand: Key issues and policies, OECD studies on SMEs and entrepreneurship. Berlin: OECD Publishing.
Osman, M. H. M., Asrah, M. R. B., Rashid, M. A., & Rajput, A. (2011). Ethnic entrepreneurship and interplay of cultural factors in developing countries: A compendium of literature. Interdisciplinary Journal of Contemporary Research in Business, 3(3), 472-480.
Paulson, A. L., & Townsend, R. (2004). Entrepreneurship and financial constraints in Thailand. Journal of Corporate Finance, 10(2), 229.
Pereira, A. A. (2007). Attitudes towards entrepreneurship in Singapore: The role of the state in cultural transition. Asian Journal of Social Science, 35(3), 321-339.
Redcliff.com. (2011). Entrepreneurs to play major role in Asian renaissance. Retrieved April 24, 2012, from http://business.rediff.com/report/2010/apr/28/entrepreneurs-to-play-major-role-in-asian-renaissance.htm
Regnier, P. (1993). The dynamics of small and medium-sized enterprises in Korea and other Asian NIEs. Small Business Economics, 5(1), 23-36.
Ruane, M. C. M. (2007). Small-scale business enterprises in the Philippines: Survey and empirical analysis. International Journal of Entrepreneurship, 11, 119-131.
Salleh, M. M., & MohdSidek, N. Z. (2011). Rural entrepreneurship: A challenges and opportunities of Rural Micro Enterprise (RME) in Malaysia. Interdisciplinary Journal of Contemporary Research in Business, 2(11), 573-583.
Sari, D., Alam, Q., & Beaumont, N. (2008). Internationalisation of small medium sized enterprises in Indonesia: Entrepreneur human and social capital. Working Papers in Business, Management and Finance.
Shahbaz, M., & Rehman, M. M. (2010). Foreign capital inflows-growth nexus and role of domestic financial sector: An ARDL cointegration approach for Pakistan. Journal of Economic Research, 35, 207-231.
Somjai, P. (2003). Entrepreneurship in Thailand. Proceedings from Global Forum of Entrepreneurship in Asia, 4th US-Japan Dialogue.
Sohn, D. W., & Kenney, M. (2007). Universities, clusters, and innovation systems: The case of Seoul, Korea. World Development, 35(6), 991-1004.
Sukasame, N., Sebora, T. C., & Mohedano-Suanes, A. (2008). E-commerce entrepreneurship as a national priority: The case of Thailand. Service Industries Journal, 28(7/8), 989-1001.
Suntornpithug, N., & Suntornpithug, P. (2008). Don’t give them the fish, show them how to fish: Framework of market-driven entrepreneurship in Thailand. Journal of Small Business and Entrepreneurship, 21(2), 181-194.
Tambunan, T. (2007). Entrepreneurship development: SMEs in Indonesia. Journal of Developmental Entrepreneurship, 12(1), 95.
Tambunan, T. T. H. (2011). Development of small and medium enterprises in a developing country: The Indonesian case. Journal of Enterprising Communities: People and Places in the Global Economy, 5(1), 68-82.
The Economist. (2012). An astonishing rebound. Retrieved April 23, 2010, from http://www.economist.com/node/14214001
Tiwari, A. K., & Mutascu, M. (2011). Economic growth and FDI in Asia: A panel-data approach. Economic Analysis & Policy, 41, 173-187.
Uy, A. O. O. (2011). What motivates entrepreneurs? A study of the value systems of Filipino Entrepreneur. International Journal of Entrepreneurship, 15, 73-97.
Yu, T. F. L. (1998). Hong Kong’s industrial success: An entrepreneurial perspective. Asia Pacific Business Review, 4(4), 22-35.
Yu, T. F. L. (2000). Hong Kong’s entrepreneurship: Behaviours and determinants. Entrepreneurship & Regional Development, 12(3), 179-194.

About | Terms & Conditions | Issue | Privacy | Contact us
Copyright © 2001 - David Publishing Company All rights reserved, www.davidpublisher.com
3 Germay Dr., Unit 4 #4651, Wilmington DE 19804; Tel: 001-302-3943358 Email: [email protected]