Download or read book SME Contributions to Employment Job Creation and Growth in the Arab World written by Sahar Nasr and published by . This book was released on 2013 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent economic and political developments have highlighted a challenge shared across the Arab region of generating employment, promoting inclusive growth, and improving competitiveness. In the short run, weakened macroeconomic fundamentals in the developing economies of the Middle East and North Africa are a key challenge. The region's main challenge is to achieve sustainable growth that delivers the quantity and quality of jobs needed. An inclusive and competitive private sector has proven to be one of the most effective and long-term solutions for this challenge. This paper provides an analytical framework to diagnose and identify key challenges to the growth of small and medium enterprises that is supported by a quantitative model based on the World Bank's Enterprise Surveys database. The findings reconfirm that the route to a sustained role for small and medium enterprises in job creation requires improving the credibility of reforms, the effectiveness of policies, and equitable enforcement. Although one size fits all is infeasible for Arab countries, it is important to design policies across sectors to create productive employment and promote economic growth. Supporting innovation and enhancing access to finance are central to the development agenda for small and medium enterprises. And creating an enabling environment and setting up accountable institutions are key to ensure equal opportunity and inclusive growth.
Download or read book Enhancing the Role of SMEs in the Arab World Some Key Considerations written by Vahram Stepanyan and published by International Monetary Fund. This book was released on 2019-12-13 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: Small and medium-sized enterprises (SMEs) are a cornerstone of Arab economies, accounting for over 90 percent of all businesses and providing a major source of new job creation. Governments across the Arab World recognize the important role that SMEs can play in delivering higher and more inclusive growth. Many have rightly placed SME development at the center of growth and jobs strategies to meet the needs of young populations. Authorities have initiated policy interventions and schemes to support SME development. But progress so far has been patchy, and more comprehensive policy action is needed. Fostering vibrant and competitive SMEs that contribute to employment opportunities and high value-added output requires various stakeholders to deliver on a broad range of factors. Arab governments need a holistic policy approach that addresses the gaps in access to finance, creates an enabling business environment, and upgrades human capital and infrastructure. The approach should also promote an entrepreneurial mindset.
Download or read book The Role of Small and Medium Enterprises in Job Creation in the Arab Countries written by Hussein Elasrag and published by . This book was released on 2010-06-01 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is expected for small and medium-sized to be a locomotive for economic growth in the Arab countries during the coming decades. In addition to providing many job opportunities for the steady population growth. The role of the sector, small and medium enterprises in creating jobs and combating unemployment in the Arab countries increased on two fronts, first: to combat high unemployment. The second front: meet the needs of Arab countries, the development of 100 million jobs during the next twenty years. The aim of this paper is to study small and medium enterprises and their role in employment and job creation in the Arab countries. By identifying the concept of small businesses and their importance to the Arab countries. In addition to presenting the most important challenges facing the development of these projects. Finally, the paper tries to recommend a number of policies for the development and activation of this important sector and increase its role in employment and job creation in the Arab countries.
Download or read book SMEs for Job Creation in the Arab World written by Sahar Nasr and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The Arab Spring in the Middle East and North Africa (MENA) region has brought to the forefront key challenges: the need to create job opportunities, equal access, a level playing field, transparency and accountability, and a fair and competitive environment. Crony capitalism, the privileged access of certain elites to favorable legal and regulatory treatment, access to markets, and the coincidence of political and economic power, was a major concern contributing to the uprising. Many saw privilege and corruption as the source of unemployment and inequality, effectively raising barriers to entry and growth for the majority of entrepreneurs. At the same time, practices such as connected lending and preferential land allocations, contributed to poor performance of key institutions, underpinning the market economy. It is critical for the MENA countries to achieve the aspirations of their people and attain sustainable and inclusive development by expanding private-led employment and creating entrepreneurship opportunities. This report assesses the supply and demand of financial services to small and medium enterprises (SMEs) in the MENA region, as well as the regulatory, institutional and policy environment that determines the cost, risk, and scale of SME finance. Emerging and promising SME finance models for banks, investors, government and regulators are outlined. These could significantly improve the outreach, viability, risk management, and development impacts of SME finance in the MENA region. SMEs need access to longer term credit products and equity, in addition to working capital loans and trade finance. They also need payment and card services, deposit facilities, liquidity management, risk management tools and insurance. The principal role of the state is as an enabler and regulator, providing the financial infrastructure, and legal and policy frameworks that financial institutions need to be able to meet the range of SME financial needs profitably. All this will contribute to attaining a more sustainable and inclusive system that can play a more important role in economic growth, and the regions prosperity.
Download or read book Competitiveness of Small and Medium sized Enterprises SMEs written by Hussein Elasrag and published by . This book was released on 2022-05-27 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Due to their increasing importance to production growth and vital relation with various productive sectors in society, small and medium enterprises (SMEs) have become one of the key instruments to face economic and social problems and achieve development objectives in most industrial and developing countries. They contributions to employment creation, productivity improvement, and income generation are underutilized in the Arab countries at a time when economic transformation is shifting the onus for productivity from the public sector to the private sector. Population growth and economic restructuring in many Arab countries make the creation of substantial new employment opportunities a necessity.SMEs play a significant role in Arab countries, both in terms of the total number of enterprises, as well as their contribution to employment levels.This book ultimate aim is to layout some general principles of support to enhancing the competitiveness of SMEs in the Arab countries.
Download or read book Small and Medium Enterprises in the Arab Countries written by Hussein Alasrag and published by LAP Lambert Academic Publishing. This book was released on 2010-04 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: Promoting (SMEs) have been one of the best strategies for achieving economic development. Many Arab countries have recognized the importance of small and medium- sized enterprises (SMEs), and have formulated policies to encourage, support, and fund there. The benefits of SMEs to any economy are easily noticeable, they include: contribution to an economy in terms of creation of jobs, development of skilled and semi- skilled workers, and developing and adapting appropriate technological approaches. This book aims to study the developmental role of small and medium-sized enterprises (SMEs) in the Arab countries.
Download or read book Competitiveness and Private Sector Development New Entrepreneurs and High Performance Enterprises in the Middle East and North Africa written by OECD and published by OECD Publishing. This book was released on 2013-02-06 with total page 117 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book assesses the current policy context for young enterprises in the MENA region and outlines policy tools and instruments, both indirect and direct, that governments can implement to support new enterprise development.
Download or read book Small and Medium Enterprises Financing in the Arab Countries written by Elias Antoine Abdel Nour and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The following study aims to give a better comprehension of the concept of Small and Medium Enterprises (SMEs) financing in Arab countries, which has been the subject of many recent discussions and seminars. This research endeavors to prove that SMEs are fundamental for economic growth and expansion in both developed and rising countries, by playing a major role in generating new jobs. The study will focus on existing literature to combine recent research themes and aspects related to SMEs, and include in-depth interviews regarding SMEs financing (Debt, Equity and Hybrid Instruments) in one Lebanese Alpha Bank, a well known company famous for financing SMEs, Kafalat and a Business development center, Berytech. The research will answer the following main questions: - What role do SMEs play in the Arab countries and what is the effect on the economy? - What are the growth limitations and financing barriers for SMEs m Arab countries? - How are the public and private entities contributing in strengthening the SMEs? - What are the major ratifications that should be implemented on the Lebanese code of commerce and the regulatory environment in order to have a healthier SMEs expansion? In the Lebanese framework, the research reveals that despite the efforts that the Government is making, Lebanon is still ranked way behind other economies. However, it is still possible to improve the investment behaviors in Lebanon.
Download or read book Employment Creation and Social Protection in the Middle East and North Africa written by Economic Research Forum for the Arab Countries, Iran, and Turkey and published by American Univ in Cairo Press. This book was released on 2002 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: Describes and analyzes critical aspects of the labor market and social protection in the Arab world
Download or read book Private Sector Job Creation in MENA Prioritizing the Reform Agenda written by Mr.Benedicte Baduel and published by International Monetary Fund. This book was released on 2019-09-27 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the extent to which firms in selected MENA countries reported being constrained by the business environment around the time of the Arab Spring and the extent to which these constraints affected their employment performance. The results suggest that small firms in MENA faced more structural constraints than similar firms in other regions. We also find that MENA firms’ weaker job creation can be explained in great part by the macroeconomic environment and structural constraints. Low GDP growth, falling external competitiveness, corruption, lack of access to finance and poor access to electricity are found to explain a significant part of the lack of employment growth in MENA firms compared to their peers.
Download or read book Competitiveness of Smes in the Arab Countries written by Hussein Elasrag and published by Createspace Independent Publishing Platform. This book was released on 2017-07-02 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt: Promoting (SMEs) have been one of the best strategies for achieving economic development. Many Arab countries have recognized the importance of small and medium-sized enterprises (SMEs), and have formulated policies to encourage, support, and fund there. The benefits of SMEs to any economy are easily noticeable, they include: contribution to an economy in terms of creation of jobs, development of skilled and semi-skilled workers, and developing and adapting appropriate technological approaches. Following are the major driving force to strengthen SMEs in the Arab countries: (1) SMEs are the important vehicle in terms of employments and poverty alleviation. SME employs a large share of the labor force in many Arab countries.(2) SMEs make significant contributions to the national economy of the country; and can be a tool to accelerate the growth of exports. (3) SMEs foster an entrepreneurial culture and make the economy more resilient to the global fluctuations. This book's aim is to layout some general principles of support to enhancing the competitiveness of SMEs in the Arab countries.
Download or read book Economic Diversification in the Gulf Region Volume I written by Ashraf Mishrif and published by Springer. This book was released on 2017-12-27 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume focuses on the role of the private sector in diversifying the economics of Gulf countries in the post-petrodollar era, when fluctuating and declining oil prices are negatively impacting national expenditures. It explores current policies of countries in the Gulf Cooperation Council and their efforts to shift their economies away from heavy dependence on hydrocarbons. The structural changes will create favorable conditions for the private sector to flourish, shift production dependence from public to private sector, and allow for more efficient resource allocation. Such changes will also allow local banks to provide financial support to small and medium enterprises, boost entrepreneurship for job creation, and strengthen organizational structure and efficiency. This is the first volume in Economic Diversification in the Gulf Region.
Download or read book SME Contributions to Employment Job Creation and Growth in the Arab World written by and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book SME and Entrepreneurship Policy in Canada written by Collectif and published by OECD. This book was released on 2017-07-25 with total page 251 pages. Available in PDF, EPUB and Kindle. Book excerpt: SMEs and entrepreneurs make an important contribution to the Canadian economy. SMEs account for 60% of total employment, and Canada performs very well across many measures of small business generation, growth and innovation. However, further increases in productivity in medium-sized firms, an increase in SME exports, a greater business start-up rate and an increased number of high-growth firms could bring substantial benefits for the national economy. This report identifies several areas where new policy approaches could help achieve these objectives. Framework conditions for small business could be improved in business taxation, public procurement, access to financing and the commercialisation of research. New and extended programmes could be introduced in domains including entrepreneurship education, management advice and consultancy, and workforce skills development. A major effort is recommended to prioritise women's entrepreneurship, including by supporting social enterprises, and federal support could be offered to support the exchange of information on best practice SME regulations and programmes among provinces and territories. All this could be brought together and co-ordinated through the umbrella of a national strategy and a lead agency for SME and entrepreneurship policy.
Download or read book Small and Medium Enterprises Growth and Poverty written by Thorsten Beck and published by World Bank Publications. This book was released on 2003 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: Beck, Demirgüç-Kunt, and Levine explore the relationship between the relative size of the small and medium enterprise (SME) sector, economic growth, and poverty using a new database on the share of SME labor in the total manufacturing labor force. Using a sample of 76 countries, they find a strong association between the importance of SMEs and GDP per capita growth. This relationship, however, is not robust to controlling for simultaneity bias. So, while a large SME sector is characteristic of successful economies, the data fail to support the hypothesis that SMEs exert a causal impact on growth. Furthermore, the authors find no evidence that SMEs reduce poverty. Finally, they find qualified evidence that the overall business environment facing both large and small firms--as measured by the ease of firm entry and exit, sound property rights, and contract enforcement--influences economic growth. This paper--a product of Finance, Development Research Group--is part of a larger effort in the group to understand the role of SMEs.
Download or read book Supporting Job Creation and Innovation Through MSME Development in MENA written by Peter McConaghy and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Beyond Credit written by Mahmoud A. Gamal and published by . This book was released on 2001 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:
