Breaking Free from the Middle Income Country Trap: The Role of SMEs and Innovations in Governance [Sponsored Seminar - AIM and IDRC]

5 May 2014, 12:00 pm - 1:30 pm, Congress Hall 4

Small and medium scale enterprises (SMEs) play a critically important role in sustained job creation, innovation, and investment in many developing countries. In ASEAN countries alone, SMEs account for more than 90% of all enterprises, employ 50-99% of the workforce, and contribute around 32-77% of total domestic economic output among these countries. Ushering sustained and more inclusive growth—the kind that would enable many Asian economies to break free of the so-called “middle income country trap”—inevitably requires that SMEs play a much more dynamic role in these countries’ economies, requiring smaller and medium scale upstart firms to innovate and develop new products and services that could continue to spur economic growth.


The seminar workshop organized by the Asian Institute of Management Policy Center and the International Development Research Centre aims to bring top experts on SMEs in order to facilitate evidence-based policy discussions on reforms for SMEs growth. The SMEs seminar workshop will try to address policy issues on SME development such as innovation and obstacles to firm growth (including corruption and lack of infrastructure).


Anindya Chatterjee
Regional Director of Asia, International Development Research Centre

Roberto Martin N. Galang 
Operations Officer, International Finance Corporation

Jae Young Lee
Group Head and Lead Economist, ASEAN+3 Macroeconomic Research Office (AMRO).

Sreenivas "Sreeni" Narayanan
Founder and Managing Director of ASSIST Asia

Juzhong Zhuang
Deputy Chief Economist, Asian Development Bank

Moderator: Juan Miguel (Mike) Luz
Dean of the Stephen Zuellig Graduate School of Development Management (ZSDM)

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