Post-Pandemic National Economic Recovery:
SMEs as the key of success
- 10.2991/assehr.k.210629.006How to use a DOI?
- pandemic, SMEs, economic policy
The existence of SMEs is vital in the Indonesian economy, it is recorded that the number of SMEs has reached 64.19 million units or 99% of the total business units in Indonesia. SMEs employ more than 116 million workers or 97% of the total workforce in the economic sector. SMEs contributed 60.34% of the total national GDP, 14.17% of total exports and 58.18% of total investment. The Covid-19 pandemic has an impact on the national economy including the existence of SMEs. The data shows that 82.9% of SMEs were affected by the Covid-19 Pandemic, seen from the decrease in the number of sales of MSME products. The government realizes that the existence of SMEs must be fought for. The economic recovery policy is a solution offered by the government, which is realized through PEN (National Economic Recovery). SMEs economic policy through PEN is seen from four aspects, communication, resources, disposition, and bureaucracy. The results showed that the PEN policy had an impact on improving the economy of SMEs. This can be seen from the number of recipients of the KUR (People’s Business Credit) subsidy of 5 million customers. Communication indicators play a significant role in the successful implementation of PEN. the obstacles are related to red tape bureaucracy, such as a rigidness and being not flexible, anda too many administrative procedure.
- © 2021, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Karnida Retta Ginting AU - Galuh Pancawati PY - 2021 DA - 2021/07/01 TI - Post-Pandemic National Economic Recovery: BT - Proceedings of the 2nd International Conference on Administration Science 2020 (ICAS 2020) PB - Atlantis Press SP - 25 EP - 29 SN - 2352-5398 UR - https://doi.org/10.2991/assehr.k.210629.006 DO - 10.2991/assehr.k.210629.006 ID - Ginting2021 ER -