A Market-Oriented Strategy for Small and Medium Scale Enterprises
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.
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|Date of creation:||2000|
|Date of revision:|
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