Empowering Small and Medium Enterprises (SMEs) in facing ASEAN-China Free Trade Area (ACFTA)

Abdullah, Moha Asri and Hoetoro, Arif (2015) Empowering Small and Medium Enterprises (SMEs) in facing ASEAN-China Free Trade Area (ACFTA). In: Small and Medium Enterprises In Muslim Countries. IIUM Press Series of Textbook from the Islamic Perspectives . IIUM Press, Kuala Lumpur, Malaysia, pp. 337-360. ISBN 9789674183035

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Abstract

The ASEAN-China Free Trade Area (ACFTA) provides certain challenges, implications and opportunities to their member-countries. Faced with globalization of ACFTA, the issues articulate a number of propositions for SMEs in the region. The purpose of this paper is to address issues related to the readiness of Small and Medium Enterprises (SMEs) in facing the globalization by taking a special case of the ASEAN-China Free Trade Area (ACFTA). The methodology evaluates the macroeconomic overview of ASEAN-China economies, it elucidates economic cooperation and free trade area (FTA) between ASEAN and China by building ASEAN-China Free Trade Area (ACFTA). The findings have an important role in supporting national economic development and SMEs that can be observed in a number of aspects. The implementation of ACFTA will restructure regional industries and provide new challenges and opportunities to countries grouped in ASEAN whereby the SMEs, the dominant form of enterprises in ASEAN members, are generally not well positioned to respond to these challenges. Effective cooperation among SMEs through clustering strategy, can lead to achieve collective efficiency for gaining access to global markets beyond the reach of individual SMEs.

Item Type:	Book Chapter
Additional Information:	5010/48913
Subjects:	H Social Sciences > HC Economic History and Conditions > HC94 By region or country
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Economics and Management Sciences > Department of Economics
Depositing User:	Prof. Dr. Moha Asri Abdullah
Date Deposited:	21 Jan 2016 11:46
Last Modified:	26 Apr 2017 08:20
URI:	http://irep.iium.edu.my/id/eprint/48913

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