Small and medium sized enterprises (KOBIs in Turkish) make up about 98 percent of all manufacturing firms in Turkey. They make a significant contribution to the economy in terms of output, employment, value-added and economic growth. Unfortunately, there seems to be many obstacles restraining the growth of KOBIs, such as financial bottlenecks, lack of qualified human resources and bureaucratic procedures. In order to identify the prevailing conditions as well as the major impediments to growth of KOBIs, a study was carried out in an Aegean town called Nazilli with 100 thousand inhabitants. The findings indicated that the major problems of KOBIs in Nazilli seem to have rather close resemblance to the nationwide problems of KOBIs, in general.
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Paper provided by EconWPA in its series Experimental with number
0404004.