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A Market-Oriented Strategy for Small and Medium Scale Enterprises

Author

Listed:
  • Hallberg, K.

Abstract

This paper investigates the economic rationale for intervention in support of small- and medium-scale enterprises, 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.

Suggested Citation

  • Hallberg, K., 2000. "A Market-Oriented Strategy for Small and Medium Scale Enterprises," Papers 40, World Bank - International Finance Corporation.
  • Handle: RePEc:fth:wobafi:40
    as

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    More about this item

    Keywords

    SIZE OF ENTERPRISE ; MARKET STRUCTURE;

    JEL classification:

    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • D40 - Microeconomics - - Market Structure, Pricing, and Design - - - General

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