Dr Sanderson Abel SMEs play a key role in transition and developing countries. These SMEs typically account for bulk of all firms outside the agricultural sector. They constitute a major source of employment and generate significant domestic and export earnings. As such, SME development emerges as a key instrument in poverty reduction efforts.
Policy efforts targeted at SMEs have often justified with arguments that; SMEs are an engine of innovation and growth, they help reduce poverty as they are more labour-intensive, but they are constrained by institutional and market failures
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article