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The Micro, Small, and Medium-Sized Enterprises and Its Role in the Economic Development of a Country

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  • Jorge Morales Pedraza

Abstract

Undoubtedly, micro, small, and medium-sized enterprises (MSMEs) play a central role in many countries’ economic development. They are a major source of entrepreneurial skills, innovation, and employment account for most businesses worldwide. MSMEs are important contributors to job creation and global economic development, representing 90% of businesses and more than 50% of employment worldwide.

Suggested Citation

  • Jorge Morales Pedraza, 2021. "The Micro, Small, and Medium-Sized Enterprises and Its Role in the Economic Development of a Country," Business and Management Research, Business and Management Research, Sciedu Press, vol. 10(1), pages 1-33, March.
    • Handle: RePEc:jfr:bmr111:v:10:y:2021:i:1:p:33
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    References listed on IDEAS

    as
    1. Eva Gutierrez & Elena Klepikova & Katerina Levitanskaya, 2019. "Expanding Access to Financing for Micro, Small, and Medium-Size Enterprises in Russia by Leveraging Innovative Financial Solutions," World Bank Publications - Reports 32405, The World Bank Group.
    2. Beck, T.H.L., 2007. "Financing constraints of SMEs in developing countries : Evidence, determinants and solutions," Other publications TiSEM 85aac075-08b5-44ce-bf1a-9, Tilburg University, School of Economics and Management.
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    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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