The Impact of the Covid-19 Pandemic on the Growth of Micro, Small, and Medium Enterprises (MSMEs)

DOI

10.2991/assehr.k.210125.018How to use a DOI?

Keywords

The growth of MSMEs during the pandemic of covid 19

Abstract

Covid-19 is an infectious disease caused by the newly discovered coronavirus. This virus began to become epidemic in Wuhan, China since December 2019. With a very fast spread, Covid-19 has become a pandemic that occurs throughout the world. Covid-19 has had a huge impact on all aspects of life, and all areas in a country. Indonesia is one of the countries affected by Covid-19. The most impact felt by a country is in the economic field. Obstruction of economic activity then affects state income. The impact of Covid-19 apart from affecting big business income, also affects micro businesses that are widely spread in Indonesia. Micro, Small and Medium Enterprises (MSMEs) in Indonesia have had a considerable influence, so that during this pandemic period many negative impacts were felt. This pandemic caused a decline in performance on the demand side, namely consumption and purchasing power, which then disrupted the production and trade processes. In addition, this situation creates new problems for termination of employment and the threat of default on credit payments. This significant reduction in the workforce has resulted in a lot of unemployment. The government has made various efforts to save Micro, Small and Medium Enterprises (MSMEs) from the impact of the COVID-19 pandemic. The purpose of this study is to map government policies in the MSME policy and map the short-term and long-term strategies needed to complement these policies. This research uses qualitative methods. The study uses secondary data from various literatures such as books, articles, and homepages to access data and information related to policies to save MSMEs from the impact of the COVID-19 pandemic. The analysis technique was carried out by descriptive analysis. Based on research, it is known that the policy of saving MSMEs from the impact of the COVID-19 pandemic needs to be supported by a short-term strategy and a long-term strategy to maintain the sustainability of MSMEs as one of the actors of the Indonesian economy.

Copyright

© 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/).

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TY  - CONF
AU  - Nanda Ameliany
AU  - Maisyura SE
AU  - Lisa Iryani
PY  - 2021
DA  - 2021/01/26
TI  - The Impact of the Covid-19 Pandemic on the Growth of Micro, Small, and Medium Enterprises (MSMEs)
BT  - Proceedings of the International Conference on Social Science, Political Science, and Humanities (ICoSPOLHUM 2020)
PB  - Atlantis Press
SP  - 104
EP  - 109
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.210125.018
DO  - 10.2991/assehr.k.210125.018
ID  - Ameliany2021
ER  -