Comparative Study on Regulatory and Policy Frameworks for Promotion of Startups and SMEs in Japan, the Republic of Korea, Malaysia, and Thailand

Publication | December 2020

Regulatory and policy frameworks facilitate the development of startups and small and medium-sized enterprises in markets.

The vital factors that can facilitate the development of startups and small and medium-sized enterprises (SMEs) in markets are appropriate regulatory and policy frameworks. However, there are differences in the frameworks that may contribute to different levels of development in startups and SMEs in Japan, the Republic of Korea, Malaysia, and Thailand. We focus on a comparative study of these frameworks in order to identify possible challenges among the frameworks in those countries. We show that governments in these countries adopt similar regulations and policies that help stimulate the creation of startups and SMEs. We present a comparison of the frameworks in these four countries. We find that there are challenges in the regulations and policies for startups and SMEs in Japan, the Republic of Korea, Malaysia, and Thailand.

WORKING PAPER NO: 1206

Additional Details

Author
Type
Series
Subjects
  • Industry and trade
Countries
  • Japan
  • Korea, Republic of
  • Malaysia
  • Thailand