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Economic development in Southeast Asia was until recently largely driven by multinational corporations and by strategies that favoured foreign direct investment. However, the financial crisis of 1997-98 and the subsequent regional economic slowdown in 2001 forced policy-makers to re-evaluate their economic policies. This study looks at the increasingly important role of entrepreneurship and small and medium enterprises (SMEs) as agents of development. The book also focuses on the new policy initiatives by the different governments as they address the issues affecting the development of SMEs themselves.