MDG indicators for Asia and the Pacific 2009

The Key Indicators for Asia and the Pacific 2009 annual statistical data book has just been published by the Asian Development Bank (ADB). It presents the latest available economic, financial, social, environmental, and Millennium Development Goals (MDG) indicators for regional members of ADB. Data are grouped under MDG and Regional Tables, together with nontechnical explanations and brief analyses of the MDG achievements and developments.

This issue includes:
Part I: A special chapter on “Enterprises in Asia: Fostering Dynamism in SMEs”
Part II: Millennium Development Goals
Part III: Regional Tables

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The special chapter in Part I looks at the impact of the economic crisis on workers and enterprises, including small and medium-sized enterprises (SMEs). It also discusses how to foster greater efficiency in SMEs once the crisis has played out. A key channel through which the economic crisis has affected enterprises is through the reduction in Asian exports. While SMEs tend to work for the domestic rather than export markets, some of the most dynamic SMEs export or supply inputs to larger export dependent enterprises. Moreover, many SMEs will be affected by the fall in domestic demand as unemployment rises and household incomes contract. In the short run, government efforts at boosting aggregate demand, as well as specific policy initiatives to assist SMEs’ access to finance, should help enterprises cope with the crisis. But over the longer-term, policies must help SMEs adopt modern technologies and raise their productivity. Above all, governments should avoid creating incentives for small enterprises to remain small and operate with outdated technologies. Fostering dynamism in SMEs will not only help their owners, but also workers at large. In this way, a dynamic SME sector can play an important role in the rebalancing of the economies of Asia by raising household incomes and thus domestic demand.