grandeur of SMEs and the Role of Public endure in Promoting SME Development
Qimiao Fan World Bank
Presentation Outline
I. II. Who atomic number 18 SMEs? Importance of SMEs
III. Characteristics of SMEs and Rationale for Public Support IV. The Role of the Public sector in Ø Creating a SME-friendly legal and regulatory environment Ø bother to finance Ø Business development services
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I. Who are SMEs
§ § § Different countries habituate different definitions Lack of consistent cross-country data IFC definition
Mi (Micro enterprise) (a) Employees < 10 (b) Total Assets < US$ 100 000 (c) Total one-year gross revenue < US$ 100 000 S (Small enterprise) (a) 10 < Employees < 50 (b) US$100 000 < Total Assets < US$ 3 cardinal (c) US$ 100 000 < Total Annual Sales < US$ 3 one thousand thousand M (Medium enterprise) (a) 50 < Employees < 300 (b) US$ 3 million < Total Assets < US$ 15 million (c) US$ 3 million < Total Annual Sales < US$ 15 million
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II.
Importance of SMEs
SMEs are the Engine of egress SMEs are Essential for a Competitive and Efficient trade SMEs are Critical for Poverty Reduction SMEs Play a Particularly Important Role in Developing Countries
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SMEs are the Engine of Growth
SME sector is the largest provider of employment in well-nigh countries, especially of new jobs SMEs are a major reservoir of technological innovation and new products
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SMEs are the Engine of Growth
dissemination of Firms in the Economy by Employment Size (1999 or nigh year)
99.8% 100.0% 75.0% 50.0% 25.0% 0.3% 0.0% Czech Republic France Italy join Kingdom United States 0.4% 0.1% 0.7% 1.5% 99.7% 99.9% 99.3% 98.5%
0-499 500+
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SMEs are the Engine of Growth
Distribution of Employment in the Manufacturing Sector by Firm Size (1999 or nearest year)
100.0% 79.7% 75.0% 50.0% 25.0% 0.0% Czech Republic France...If you want to get a full essay, order it on our website: Ordercustompaper.com
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