Recent Publications
Taiwan Economic Research Monthly
Promoting local businesses to join hands through public-private-partnership in respond to global economic changes
During the 2022 APEC SME Ministerial Meeting, the key points of policy directions expressed by members include promoting the cooperation of large and small business sectors and the construction of collaborative partnerships between public and private sectors. Although assisting SMEs to participate in the international supply chain has long been the development consensus of all economies, as far as SMEs with export performance are concerned, the proportion of all countries is low, even less than 10%, and the international supply chain is still dominated by large enterprises. Leading and medium-sized enterprises mainly supply goods, while SMEs’ development potential has yet to be explored altogether. As far as Taiwan’s current development is concerned, the export contribution and export propensity of SMEs have continued to decline to slightly more than 10% in recent years. This is not due to the decline in the competitiveness of SMEs. These companies have been closely integrated with factories and gradually develops into a large-scale enterprise or its products are integrated into the supply chain of other domestic manufacturers with system integration capabilities and exported indirectly.