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Myanmar — New SME law could transform the economy | Wyly Wade
SMEs are a principal source of employment globally. Research has also shown that they have been immensely creative and innovative, increasing a country's ability to produce a diverse range of goods and services and making its economy more resilient to global commodity price fluctuations and macro-economic shocks. In Myanmar, SMEs account for 88pc of all businesses. They face, however, several barriers – mainly fixed costs. For example, complying with tax requirements demands resources. Health and safety regulations also often require large financial investments that have to be paid upfront. New SME law could transform the economy - Analysis. Related articles Myanmar: FDI, Local Economy And The Rohingya Conflict - Analysis With Myanmar Economy On The Rise, Indian Companies Want To Wrest Business Away From Dominant Chinese Rivals Size does matter: Macro variables impact SMEs