Better business regulations create jobs

The World Bank’s annual Doing Business assessment was released today with some important claims regarding the impact of regulatory reform on job creation. There has been much debate over the years about the significance of the link between good business regulation and economic growth, and this year’s report is a further contribution. This year’s report,…

SME Development Agencies

Over the last few months, I’ve provided advice to a number of government funded national SME (small and medium-sized enterprise) development agencies. Such agencies are very popular among governments, but less so among enterprise development specialist. While they can focus government efforts on supporting the small business sector, they can easily become expensive bureaucracies that…

The failure of community economic development

I began my professional working life in the field of ‘community economic development’ (CED) and ‘local economic development’ (LED). These models of development provide an important contribution to understanding the problems facing local communities, but they are often seen as a poor cousin to ‘real’ economic development. Whilst this is unfair, it is not completely…

The global economy drives SME growth and job creation

Small and medium-sized enterprises (SMEs) play an important role in economic development and job creation. While the general features of this role are understood, there are many features of this that require more research. Of particular interest to countries and regions around the world is the importance of the traded economy –– that part of…