A MARKET-ORIENTED STRATEGY FOR SMALL AND MEDIUM-SCALE ENTERPRISES
ABSTRACT This paper investigates the economic rationale for intervention in support of small- and medium-scale enterprises, on both theoretical and empirical grounds. It 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. The role of the State is mainly to provide an enabling business environment that opens access to markets ...
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