Transcription of Small and Medium-sized Enterprises: Local ... - OECD.org
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Policy BriefOrganisation for Economic Co-operation and Development OECD 2000 June 2000 SummarySmall and Medium-sized enterprises (SMEs) account for over 95% of firmsand 60%-70% of employment and generate a large share of new jobs in OECD economies. They have specific strengths and weaknesses that may require spe-cial policy responses. As new technologies and globalisation reduce theimportance of economies of scale in many activities, the potential contribu-tion of smaller firms is enhanced. However, many of the traditional problemsfacing SMEs lack of financing, difficulties in exploiting technology, con-strained managerial capabilities, low productivity, regulatory burdens become more acute in a globalised, technology-driven firms need to upgrade their management skills, their capacity to gatherinformation and their technology base.
3 Policy Brief Small and Medium-sized Enterprises: Local Strength, Global Reach munications and business services, and construction. SMEs also account
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Development of Small and Medium Enterprises, Medium enterprises, Small and Medium Enterprises Development Act,, SMALLANDMEDIUM ENTERPRISES DEVELOPMENT, Medium, Factoring for Financing Small and Medium, Factoring for Financing Small and Medium Enterprises, Impact of integrated marketing communications mix, Financial Reporting in Small and Medium Enterprises, Small and Medium Scale Enterprises, SMALL AND MEDIUM SCALE ENTERPRISES IN, Influence of Finance on Performance