The Role Of Small And Large Businesses In Economic Development
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The Role Of Small And Large Businesses In Economic Development
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Author : Kelly D. Edmiston
language : en
Publisher:
Release Date : 2013
The Role Of Small And Large Businesses In Economic Development written by Kelly D. Edmiston and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
Increasingly, economic development experts are abandoning traditional approaches to economic development that rely on recruiting large enterprises with tax breaks, financial incentives, and other inducements. Instead, they are relying on building businesses from the ground up and supporting the growth of existing enterprises. This paper explores whether promoting entrepreneurship and small businesses makes sense as an economic development strategy. It concludes that it probably does, but with some caveats. Small businesses are potent job creators, but so are large businesses. The attribution of the bulk of net job creation to small businesses arises largely from relatively large job losses at large firms, not to especially robust job creation by small firms. More important, data show that, on average, large businesses offer better jobs than small businesses, both in terms of compensation and stability. Further, there is little convincing evidence to suggest that small businesses have an edge over larger businesses in innovation. More research is needed to properly evaluate the case for a small business strategy, and indeed, to determine whether or not public engagement in economic development itself is a cost-effective and worthwhile pursuit.
Role Of Small And Large Businesses In Economic Development
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Author : Kelly Edmiston
language : en
Publisher:
Release Date : 2007-09
Role Of Small And Large Businesses In Economic Development written by Kelly Edmiston and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-09 with categories.
Econ. dev't. experts are abandoning traditional approaches to economic dev't. that rely on recruiting large enterprises with tax breaks, financial incentives, & other inducements. Instead, they are relying on building bus. from the ground up & supporting the growth of existing enterprises. This approach has 2 features: to develop & support entrepreneurs & small bus.; & to expand & improve infrastructure & to develop or recruit a highly skilled & educated workforce. Both efforts depend in large part on improving the quality of life in the community & creating an attractive bus. climate. Edmiston explores whether promoting entrepreneurship & small bus. makes sense as an econ. dev't. strategy. He concludes that it does, but with some caveats. Illus.
Are Small Firms Important Their Role And Impact
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Author : Stephen Ackermann
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Are Small Firms Important Their Role And Impact written by Stephen Ackermann and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
Are Small Firms Important? Their Role and Impact proposes and supports the claim that small firms make two indispensable contributions to the economy. First, they are an integral part of the renewal process that pervades market economies. New and small firms play a crucial role in experimentation and innovation that leads to technological change, productivity and economic growth. Second, small firms are the essential mechanism by which millions enter the economic and social mainstream of American society. The public policy implications for sustained economic growth and social well-being is the continued high-level creation of new and small firms by all segments of society. It should be the role of government policy to facilitate that process by eliminating entry barriers, lowering transaction costs, and minimizing regulation.
Small Firms And Economic Development In Developed And Transition Economies
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Author : David A. Kirby
language : en
Publisher: Routledge
Release Date : 2017-11-22
Small Firms And Economic Development In Developed And Transition Economies written by David A. Kirby and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-11-22 with Business & Economics categories.
This title was first published in 2003. Since the late 1970s there has been considerable interest in the role of small firms in economic development in general and employment generation in particular. Throughout the developed world, governments have introduced a range of measures to encourage small firm growth and development in an attempt to stimulate economic growth, generate employment and foster innovation. Though not all measures have been successful many policies have transferred to the transition economies of Central and Eastern Europe where, since 1989, small firm growth and development has achieved considerable importance in economic restructuring. Accordingly, this volume presents the leading research on the role of small firms in economic development and employment generation in both transition and developed countries. Setting itself in a wider theoretical context, the book also considers the implications for both policy and theory and suggests directions for future research.
The Economics And Management Of Small Business
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Author : Graham Bannock
language : en
Publisher: Psychology Press
Release Date : 2005
The Economics And Management Of Small Business written by Graham Bannock and has been published by Psychology Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Business & Economics categories.
This book provides an international perspective on small business, and includes many useful pedagogical features such as questions for discussion, international case studies and empirical research.
Small And Medium Size Enterprises In Economic Development
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Author : Sidney Winter
language : en
Publisher: World Bank Publications
Release Date : 1995
Small And Medium Size Enterprises In Economic Development written by Sidney Winter and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Developing countries categories.
The Role Of Small And Large Businesses In Economic Development
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Author : Kelly D. Edmiston
language : en
Publisher:
Release Date : 2013
The Role Of Small And Large Businesses In Economic Development written by Kelly D. Edmiston and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
Increasingly, economic development experts are abandoning traditional approaches to economic development that rely on recruiting large enterprises with tax breaks, financial incentives, and other inducements. Instead, they are relying on building businesses from the ground up and supporting the growth of existing enterprises. This paper explores whether promoting entrepreneurship and small businesses makes sense as an economic development strategy. It concludes that it probably does, but with some caveats. Small businesses are potent job creators, but so are large businesses. The attribution of the bulk of net job creation to small businesses arises largely from relatively large job losses at large firms, not to especially robust job creation by small firms. More important, data show that, on average, large businesses offer better jobs than small businesses, both in terms of compensation and stability. Further, there is little convincing evidence to suggest that small businesses have an edge over larger businesses in innovation. More research is needed to properly evaluate the case for a small business strategy, and indeed, to determine whether or not public engagement in economic development itself is a cost-effective and worthwhile pursuit.
The Role Of Small Business Enterprise In Economic Development
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Author : Harvey A. Garn
language : en
Publisher:
Release Date : 1981
The Role Of Small Business Enterprise In Economic Development written by Harvey A. Garn and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1981 with Small business categories.
Making It Big
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Author : Andrea Ciani
language : en
Publisher: World Bank Publications
Release Date : 2020-10-08
Making It Big written by Andrea Ciani and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-10-08 with Business & Economics categories.
Economic and social progress requires a diverse ecosystem of firms that play complementary roles. Making It Big: Why Developing Countries Need More Large Firms constitutes one of the most up-to-date assessments of how large firms are created in low- and middle-income countries and their role in development. It argues that large firms advance a range of development objectives in ways that other firms do not: large firms are more likely to innovate, export, and offer training and are more likely to adopt international standards of quality, among other contributions. Their particularities are closely associated with productivity advantages and translate into improved outcomes not only for their owners but also for their workers and for smaller enterprises in their value chains. The challenge for economic development, however, is that production does not reach economic scale in low- and middle-income countries. Why are large firms scarcer in developing countries? Drawing on a rare set of data from public and private sources, as well as proprietary data from the International Finance Corporation and case studies, this book shows that large firms are often born large—or with the attributes of largeness. In other words, what is distinct about them is often in place from day one of their operations. To fill the “missing top†? of the firm-size distribution with additional large firms, governments should support the creation of such firms by opening markets to greater competition. In low-income countries, this objective can be achieved through simple policy reorientation, such as breaking oligopolies, removing unnecessary restrictions to international trade and investment, and establishing strong rules to prevent the abuse of market power. Governments should also strive to ensure that private actors have the skills, technology, intelligence, infrastructure, and finance they need to create large ventures. Additionally, they should actively work to spread the benefits from production at scale across the largest possible number of market participants. This book seeks to bring frontier thinking and evidence on the role and origins of large firms to a wide range of readers, including academics, development practitioners and policy makers.
Small And Medium Size Enterprises In Economic Development Possibilities For Research And Policy
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Author : Sidney Winter
language : en
Publisher:
Release Date : 1999
Small And Medium Size Enterprises In Economic Development Possibilities For Research And Policy written by Sidney Winter and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with categories.
September 1995 How (if at all) can the World Bank promote economic development by mobilizing resources organized as small and medium-size enterprises in developing countries? What lines of research about small and medium-size enterprises would help support the Bank's policymaking in this area? The World Bank's most important long-term advantage in promoting development, says Winter, may lie in opportunities to address related obstacles simultaneously. It could mount concurrent efforts to address the problems of small and medium-size enterprises in a particular sector, region, or economy, for example. It could address the conditions of founding new firms, providing finance or technical assistance, developing mutual support institutions, resolving disputes, and perhaps reducing counterproductive government interventions. Were the Bank to follow such a coordinated approach, programs could be designed to generate data to illuminate the impacts and interactions of various elements of policy. These data could be exploited, then, in research designs, or even the design of management information systems, shaped by program evaluation. Winter proposes four general issues for research (plus a series of topics for each issue): * Can Bank initiatives involving small and medium-size enterprises in developing countries facilitate the entry of these enterprises into similar learning relationships with other firms -- foreign firms, larger firms in their own countries, or each other? (Topics/actionable items: Identify large firms noted for their willingness to help improve their suppliers' operations; survey these firms' practices and the criteria they use to identify possible suppliers not currently in their system; consider how these and other sources define prevailing standards for small and medium-size enterprises.) * The economic significance of high turbulence (entry and exit rates) in small-firm populations is poorly understood. The fact of high turbulence is well-documented in industrial countries; it is not for developing countries, but available data suggest a broadly similar pattern. Are high failure rates for small businesses symptomatic of an important shortcoming in the system of economic organization itself? Or should the unit of analysis be the enterprise, the entrepreneur, or the entrepreneur's family? * Is the apparent trend favoring a larger economic role for smaller production units autonomous rather than induced by other changes? Does it depend on general operating factors such as the declining costs of communication and computation? * The rate of learning by a small firm may depend on the nature of its transacting partner. Certain multinational enterprises make good teachers, for example, but certain local labor markets or markets for consumer goods and services may not be well-positioned for relevant learning. They may learn well how to adjust to local circumstances but not to the international diffusion of technology and ways of organizing (the main source of hope for developing countries). Perhaps Bank policy should be more concerned with transaction patterns. This paper -- a product of the Finance and Private Sector Development Division, Policy Research Department -- is part of a larger effort in the department to study small and medium-size enterprises and their role in development.