Enhancing competitiveness and securing equitable development
Can small, micro, and medium-sized enterprises (SMEs) do the trick
Bibliographic Data
| ID | 3886503 |
|---|---|
| Authors | Soeren Jeppesen (Copenhagen Business School , Dalgas Have 15, DK-2000, Frederiksberg, Denmark, corresponding author) |
| Language | EN |
| References cited | 6 |
Many governments and aid agencies believe that small businesses can contribute to promoting more equitable development, as well as enhancing the competitiveness of local industries within a global economy. While small, micro, and medium-sized enterprises (SMEs) may have a role to play in creating jobs, and generating and redistributing wealth, they need to overcome many obstacles. This article stresses the importance of understanding the specific context, establishing priorities among competing policy goals, and distinguishing between the actual and potential roles of different kinds of enterprises (by sector, size, and geographical location). Only on such a basis is it possible to identify the resources and policies most appropriate for each goal and each type of enterprise. These arguments are illustrated with reference to South Africa, whose government has sought simultaneously to promote SME development, Black Economic Empowerment, and global competitiveness
Business · Economic growth · Economic system · Economics · Empowerment · Industrial organization · Small and medium-sized enterprises · Entrepreneurship Studies and Influences · Family Business Performance and Succession · Innovation and Socioeconomic Development · Finance
| Highly cited | No |
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