International Journal of Applied Entrepreneurship (ISSN: 1742-5824) Volume 2 Issue 2
Dundee Business School
University of Abertay
Technical University of Brno
Small and medium sized enterprises (SMEs) play a vital role in the development of national economies, not only in providing new sources of employment and as a means of replacing declining traditional industries but also as a source of innovation, creativity and international competitiveness. High-technology SMEs have become regarded as of particular interest to governments and others in the generation of new economic activity, new industries and new means of sustainable competition, both within local and global markets. Researchers have also shown that SME development is important for both regional integration and regional development, citing the need for sophisticated and targeted SME support policies and networking facilities, for instance.
The Association of South-Eastern Asian Nations (ASEAN) has for some years paid particular attention to the development of new industries and industrial sectors; especially those that displayed export potential. More recently, member states have evolved development strategies for the high-technology sectors and for the promotion of high tech SMEs, although this approach has not been uniform despite ASEAN governmental intentions. The development of high technology SMEs and associated government policies within member states of ASEAN is assessed in this exploratory paper and issues for further development discussed.