|  Small & medium enterprises (SMEs)
play an important role in the economies
of most countries in the Asia-Pacific
region not only because of their sheer
number but also the variety of their
activities.
In part, SMEs contribute to
countryside development, as well as support large
industries and serve as a breeding ground for innovation
and adaptation. SMEs thus can be looked upon as a
source of constant renewal in commerce and industry
and as a wellspring of competition and dynamism.
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