The paper is divided into 4 main sections and a conclusion: section (1) considers the definitions of Micro and Small Enterprises across the EU, USA and Russia; section (2) considers the role of MSEs in mature market economies and compares with the Russian Federation; section (3) focuses on the value creation mechanisms for growth and the challenges faced by MSEs, while section (4) deals with conclusions and recommendations for policy implications.
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Paper provided by EconWPA in its series Microeconomics with number
0403004.
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