The tremendous importance of small and medium-sized enterprises within the German economy is repeatedly stressed in policy discussions. That makes the disproportionately low level of involvement by SMEs in the Asian growth region stand out all the more prominently. What are the factors...

Using Germany as an example, this article examines how different groups of small andmedium-sized enterprises were impacted by and recovered from the COVID-19 pandemic.The study found that at the onset of the pandemic, turnover losses were experienced notjust by enterprises regarded as poor...