A market-oriented strategy for small and medium scale enterprises

The paper examines the economic rationale for intervention in support of small and medium scale enterprises (SME), on both theoretical and empirical grounds. It argues that the justification for SME interventions lies in market, and institutional failures that bias the size distribution of firms, ra...

• Main Author: Hallberg, Kristin
• Corporate Authors: Corporación Financiera Internacional, Banco Mundial
• Format: Book
• Published: Washington, D.C. World Bank 2000
• Series: Discussion paper no. 40
• Subjects: EMPRESAS MEDIANAS; PEQUEÑAS EMPRESAS; POLITICA GUBERNAMENTAL; ESTRATEGIA DEL DESARROLLO; PYMES

Table of Contents:

• Foreword
• Acknowledgments
• Abstract
• Introduction
• The economic importance of SMEs: separating myth from reality
• Policy biases and market distortions
• Implications for SME development strategies
• Bisiness environment
• Financial services
• Business development services
• Subsides: market distortion or market development?
• Evaluating the success of interventions
• Conclusions
• References.