Resilience of MSMEs in Greece and Indonesia

Category: 2024 Series Written by Marios Didachos & Tulus TH. Tambunan Hits: 1086

Marios Didachos
Didachos Marios Business Consulting, Greece

Tulus Tambunan
Centre for Industry, SME. & Business Competition
Studies, Universitas Trisakti, Jakarta, Indonesia

 

Abstract

Micro, small, and medium enterprises (MSMEs) are the backbone of the economy in many countries. From a global perspective, they although individually small in size, play an important role in economic development because they are the main source of job creation and output growth.  This paper discusses the main determinants of MSMEs' resilience and their challenges in two countries from two different regions with different levels of economic and social development, namely Greece and Indonesia.  The resilience of MSMEs in these countries is underpinned by a combination of factors and characteristics that have allowed these businesses to not only survive but thrive in the face of adversity.  However, they face several challenges, and among these, is access to financing and technology.

 

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