Fostering Resilience through Micro, Small and Medium Enterprises

“This a highly relevant and important book in today’s business environment, given that it provides evidence on how MSMEs have been severely affected by the on-going Covid-19 crisis, the importance of financial technology, and export performance.” —Fachru Nofrian, Department of Economics, Universitas Pembangunan Nasional Veteran Jakarta, Indonesia This book focuses on the development of Micro, Small and Medium Enterprises (MSMEs) in Indonesia based on various primary and secondary field surveys. In doing so, the book provides a regional comparison of countries in Asia- Pacific, covering issues such as employment generation, formation of gross domestic product (GDP), export development, development constraints, productivity, and investment. To achieve this, the book analyzes the role of partnerships between MSMEs such as large companies, banks and government institutions, and the role of cooperatives. It also includes studies on women’s entrepreneurship inIndonesia, and also explores the crisis mitigating measures (CMMs) widely adopted by MSMEs affected by financial crises in the past. Finally, the book also examines the development of financial technology (FinTech), and in particular peer-to-peer (P2P) lending and how this can serve as an alternative source of funding for MSMEs in Indonesia. Aspects of this book would be useful to students, researchers, practitioners, and also those interested in economic-related sustainable development goals (SDGs), given the importance the United Nations (UN) has assigned to MSMEs for taking a lead in employment creation, and poverty eradication. Professor, Tulus T.H. Tambunan is part of the Faculty of Economics and Business (FEB), at University of Trisakti, Jakarta. He is also the Head of the Center for Industry, SME & Business Competition Studies at the same University, and the initiator and chief editor of the International Journal of Small and Medium Enterprises and Business Sustainability.