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Small and Medium-Sized Enterprises (SMEs) and Poverty Reduction in Africa

Small and Medium-Sized Enterprises (SMEs) and Poverty Reduction in Africa
Author: Ameen Alharbi
Publisher: Cambridge Scholars Publishing
Total Pages: 185
Release: 2015-06-18
Genre: Business & Economics
ISBN: 1443879193

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Small and Medium-Sized Enterprises (SMEs) and Poverty Reduction in Africa addresses the vital question of why the millions of dollars of governments’ and international development interventions in the SMEs sector are yet to deliver significant and sustainable employment and poverty reduction in Africa. The book also addresses the question of how the SMEs sector can help in the eradication of poverty in Africa. The book also tackles the question of what policy makers, SMEs operators, would-be entrepreneurs and trainers can do to contribute to poverty reduction through the SMEs sector. To address these three key questions, the book has adopted innovative concepts and ideas that will appeal to the sensibilities of African policy makers, trainers, business operators and would-be entrepreneurs. For example, the existing literature on system thinking and spirituality in business is used to offer a novel approach and departure from the perennial focus on “technical training” and hardnosed pursuit of “individualised” business and personal goals as a means of developing entrepreneurs and crafting SMEs policy. The key features of the book are: • a focus on changing the mind-set of SMEs operators, policy makers, trainers and would-be entrepreneurs; • contextualising the role of SMEs in poverty reduction by emphasizing the relevance of the African worldview, belief systems and spirituality during policy making, policy implementation and training of SMEs operators and would-be entrepreneurs; • theoretical explanations to why good intentions in policy formulation and implementation do not deliver expected outcomes in terms of the SMEs sector’s contribution to poverty reduction; • practical guidelines on how SMEs can develop a poverty-related mission statement, business strategy and business plan within the context of poverty reduction; • personal development guidelines for SMEs operators and prospective entrepreneurs on how to develop poverty-related personal mission statements and strategies; • the introduction of spiritual poverty and system thinking as the foundation for policy formulation and poverty reduction interventions in Africa.


Small and Medium Enterprises, Growth, and Poverty

Small and Medium Enterprises, Growth, and Poverty
Author: Thorsten Beck
Publisher: World Bank Publications
Total Pages: 47
Release: 2003
Genre: Economic development
ISBN:

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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.


Social Capital, Micro and Small Enterprises and Poverty-alleviation in East Africa

Social Capital, Micro and Small Enterprises and Poverty-alleviation in East Africa
Author: Mary Njeri Kinyanjui
Publisher: OSSREA
Total Pages: 154
Release: 2005
Genre: Business & Economics
ISBN:

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This book, based on an extensive review of literature and fieldwork, contributes to the growing discourse on social capital by examining its use as a strategy for an entry and stay in trade, manufacturing, transport and micro and small enterprises in East Africa. A social capital model in formulated and tested. The book shows how social capital has been articulated and utilized through networks, relationships, norms, values and actions to facilitate entry and stay in these enterprises. The book provides details on how entrepreneurs constantly construct their social capital and evolve business logic and practice that is used in business transactions. The book does not only focus on theory and empirical findings but also derives lessons for poverty-alleviation strategies. It reveals that there are limitations to the application of social capital when it comes to interaction and conflict between different stakeholders in transport enterprises. The political economy model was found to be appropriate in such a case, indicating that the social capital model can be used in combination with other theoretical frameworks.


SMEs and Economic Development in Africa

SMEs and Economic Development in Africa
Author: Gift Mugano
Publisher:
Total Pages: 0
Release: 2023-09
Genre: Economic development
ISBN: 9781032536941

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"Small and medium-sized enterprises (SMEs) are a driving force of the global economy, contributing up to 50% of GDP in some instances. They also contribute to economic development through various channels such as employment creation, economic growth and poverty reduction, key elements of the Sustainable Development Goals (SDGs). Furthermore, in many economies the majority of jobs are provided by SMEs. However, despite their support of the economy, SMEs are prone to several binding constraints, such as access to finance, market entry, as well as exogenous shocks and crises, most recently the COVID-19 pandemic. Building on evidence from international experience, this book provides grounded solutions to challenges affecting SMEs, particularly in Africa, and offers guidance on how to build resilience to counteract future shocks. It also offers a number of policy measures which governments in developing countries may need to consider in order to encourage economic growth and development, such as increasing productive capacities, training, enhancing business ethics and professionalism and improving competitiveness. What makes this book distinctive is that fact that it brings together the literature concerning SMEs in one place, and using case studies, it showcases how policymakers can overcome the challenges affecting SMEs. The book also provides tested and practical remedies for African economies with a view to making SMEs a springboard for economic prosperity. The book will appeal to advanced students, scholars and researchers, as well as policymakers, development agencies and non-governmental organisations"--


Small and Medium Enterprises, Growth, and Poverty

Small and Medium Enterprises, Growth, and Poverty
Author: Asli Demirgüç-Kunt
Publisher:
Total Pages: 47
Release: 2016
Genre:
ISBN:

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Beck, Demirguc-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.


Enhancing Africa's Competitiveness Through Small and Medium Scale Enterprises

Enhancing Africa's Competitiveness Through Small and Medium Scale Enterprises
Author: Francis A. S. T. Matambalya
Publisher:
Total Pages: 260
Release: 2002
Genre: Competition, International
ISBN:

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Small and medium scale enterprises and the economy / Francis A.S.T Matambabya (p.1-14). --Education and training of entrepreneurs in South Africa : a situational analysis / Gideon Nieman (p. 15-32). --Adoption of information technology by Tanzanian entrepreneurs in the service industries : a business process re-engineering emphasis / Ullingera O Mbamba (p. 33-52). --Institutionalisation of the public-private sector dialogue in Tanzania : are SMEs left out? / Erasmus S Kaijage (p. 53-82). --The influence of national policies, laws, and regulations of employment in macro and small enterprises / M.M. Chijoriga, L.J. Mwaipopo and D.R. Olomi (p. 83-114). --Culture, poverty alleviation and small business development in sub-Saharan Africa : a research-paradigm approach / Osarumwenze Iguisi (p. 115-139). --An empirical study of the Botswana crafts market / S.K. Massimo, P.T. Mburu and K. Mutua (p. 141-168). --The role of the Internet : how are Botswana SMEs using the Internet? / B.A.S. Magembe and A.P. Shemi (p. 169-189). --The development of export trade in Tanzania : an export vision / Enos S. Bukuku (p. 191-208). --Exploring the potentialities of export processing free zones (EPZ) for SME development in sub-Saharan Africa: lessons from Mauritius / Lettice Kinunda-Rutashobya(p. 209-226). --The national micro-finance polity / Grace Rubambey (p. 227-233). --Reflections on the economic value of EPZs creating a supply side foundation for international competitiveness / J.L. Simbakalia (p. 235-241). --Making market knowledge competence a strategic source of entrepreneurship / K. Okoso-Amaa (p. 241-249).


Enterprise in Africa

Enterprise in Africa
Author: Simon A. McGrath
Publisher: Intermediate Technology Publications
Total Pages: 268
Release: 1999
Genre: Business & Economics
ISBN:

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This book is concerned to revisit key elements of the debate about small and microenterprises through the lens of the current poverty-growth debate and in the specific context of Africa.


Creating Value for All

Creating Value for All
Author:
Publisher: UN
Total Pages: 182
Release: 2008
Genre: Business & Economics
ISBN:

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The extreme prevalence of poverty in today's world calls us urgently for action. Yet the poor harbour a potential for consumption, production, innovation and entrepreneurial activity that is largely untapped. This report shows how entrepreneurs can serve the poor as clients and customers and can also include the poor as producers, employees and business owners. The report's main message: Business with the poor can create value for all. The publication draws on 50 specially commissioned case studies of businesses that have successfully included the poor, despite the constraints, and created value for all. The cases afford the wealth of ideas for inclusive business models


SMEs Perspective in Africa

SMEs Perspective in Africa
Author: Gift Mugano
Publisher: Palgrave Macmillan
Total Pages: 0
Release: 2024-10-05
Genre: Business & Economics
ISBN: 9783031691027

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This book examines the important role played by small and medium-sized enterprises (SMEs) in driving economic growth in Africa. It highlights how SMEs have become central to the global economy and are vital in creating employment, reducing poverty, and ensuring economic development. The potential for SMEs to positively impact Africa and maximise the continent’s rich natural resources are outlined in relation to the creation of sustainable and resilience economies. The benefits of digital technologies, the need for easier access to finance, and the creation of operational business spaces are also discussed. This book offers a practical framework for the development of SMEs and the reduction of inequality in Africa. It will be relevant to researchers and policymakers interested in development and African economics.


Policies for Small Enterprises

Policies for Small Enterprises
Author: Gerhard Reinecke
Publisher: International Labour Organization
Total Pages: 226
Release: 2004
Genre: Business & Economics
ISBN: 9789221137245

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Many governments in developing countries are making efforts to support the development of micro- and small enterprises (MSEs), as they recognise their important role in employment creation and poverty reduction. However, millions of people who work in MSEs are paid low incomes, have little or no social protection and are exposed to dangerous working conditions. This paradox stems from a policy and regulatory environment that should help the development of MSEs and improve the quality of jobs provided by them, but in practice often establishes biases and stifles growth. Based on studies carried out in Chile, Guinea, Pakistan, Peru, South Africa, Tanzania and Vietnam, this book looks beyond MSE promotion initiatives to analyse the overall policy and regulatory environment. It examines the impact of national business laws and taxation, labour regulations, trade and finance policies; identifies common problems and presents major principles for reform. More than simply helping to create more jobs, this approach aims to help to create more jobs of better quality.