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In Quest of SME-Conducive Policy Formulation

Author

Listed:
  • H. C. J. Hanns Pichler

    (President, Austrian Institute for SME Research; Professor Emeritus, Vienna University of Economics and Business.)

Abstract

The very topic raises a challenging question: that is, of the role and significance, if not the “survival,” of small and medium enterprises (SMEs) and related structures amid forces, which – particularly in the sphere of industry – tend to favor the “big” over the “small” at first sight. At the same time, this points to underlying aspects and challenges of broader socioeconomic and structural dimensions with a concomitant need to formulate appropriate, more differentiated, and specifically designed business policies. Today, such challenges and related problems are seen as intertwined and multipronged, given (i) the growing international (not least as a strategic ingredient of development) perception of the role and exposure of SMEs in terms of their sector-related structural significance nationally, regionally, and globally; (ii) a closer-to-the-skin view of developments related to ongoing restructuring in the European business environment, which, in the context of SMEs, is in many ways regionally unique; and (iii) the overriding socioeconomic and systems-related aspects of a more comprehensive SME-specific policy formulation.

Suggested Citation

  • H. C. J. Hanns Pichler, 2015. "In Quest of SME-Conducive Policy Formulation," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 20(Special E), pages 271-282, September.
    • Handle: RePEc:lje:journl:v:20:y:2015:i:sp:p:271-282
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    References listed on IDEAS

    as
    1. Levy, Brian, 1993. "Obstacles to Developing Indigenous Small and Medium Enterprises: An Empirical Assessment," The World Bank Economic Review, World Bank, vol. 7(1), pages 65-83, January.
    2. Anderson, Dennis, 1982. "Small industry in developing countries: A discussion of issues," World Development, Elsevier, vol. 10(11), pages 913-948, November.
    3. Little, I M D, 1987. "Small Manufacturing Enterprises in Developing Countries," The World Bank Economic Review, World Bank, vol. 1(2), pages 203-235, January.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    SMEs; business policies; growth;
    All these keywords.

    JEL classification:

    • L29 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Other

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