Policy biases, small enterprises and development

Author: Young, Robert C.

Source: Small Enterprise Development, Volume 4, Number 1, March 1993 , pp. 4-15(12)

Publisher: Practical Action Publishing

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Abstract:

Because of their contribution both to employment and productivity, small enterprises are vital to development. While small is not always beautiful, small firms are often more efficient in total resource use than the larger ones in sectors where the small predominate. Moreover, small enterprises are often productive in spite of policies that are biased against them, particularly agricultural, financial, and trade policies.

While there are no policy panaceas, important patterns are apparent. Policy strategies, including large- and small-scale enterprise emphases, are discussed for 'hard' and 'soft' states and for Africa. In countries with very low incomes and untapped agricultural potential, the reform of agricultural policies must often receive top billing. Policy reforms should be pursued through donor and host country collaboration.

Document Type: Research article

DOI: http://dx.doi.org/10.3362/0957-1329.1993.002

Publication date: 1993-03-01

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International journal of microfinance and business development.

Now published as Enterprise Development and Microfinance
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