A Market-Oriented Strategy for Small and Medium Scale Enterprises

Abstract

No AccessStand Alone Books1 Feb 2013A Market-Oriented Strategy for Small and Medium Scale EnterprisesAuthors/Editors: Kristin HallbergKristin Hallberghttps://doi.org/10.1596/0-8213-4727-6SectionsAboutPDF (0.2 MB) ToolsAdd to favoritesDownload CitationsTrack Citations ShareFacebookTwitterLinked In Abstract: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, rather than on any inherent economic benefits provided by small firms. The role of the state is mainly to provide an enabling business environment that opens access to markets, and reduces policy-induced biases against small firms. Governments can accelerate the development of markets for financial, and non-financial services suited to SMEs by promoting innovation in products, and delivery mechanisms, and, by building institutional capacity. Improving the development impact of SME strategies will require much more attention to the monitoring, and evaluation of intervention outcomes. FiguresreferencesRecommendeddetailsCited byDigital finance and greener emissions: evidence from ChinaApplied Economics, Vol.715 October 2023Performance implications of technological uncertainty, age, and size for small businessesJournal of Small Business Management, Vol.61, No.412 February 2021Has Digital Village Construction Improved Rural Family Resilience in China? 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