Frugal innovations contribution to regional and economic development

I’ve been working on policy guidance to encourage frugal innovation (more on this later) and want to share my thoughts on the relevance of frugal innovation for regional and local economic development. Frugal innovation has been promoted as a business management practice that can be applied in resource-constrained conditions. However, it is also relevant for…

Micro and small enterprises: preferential policy treatment and exclusions

Many governments around the world assign policy preferences to micro and small enterprises. There are two rationales for this. First, micro and small enterprises deserve of special attention because of their overall contribution to national development. As a total sector, micro and small enterprises are major contributors to employment in almost all countries. Second, micro and small…

New video: business environment reform

Please to be able to share this video I worked on for the Donor Committee for Enterprise Development (DCED). https://www.youtube.com/watch?v=sS_fgLT-Mh0 I have been working with the DCED for a number of years and, in particular, providing support to its Business Environment Working Group. The DCED has some great resources available on business environment reform. This includes…

Strengthening regional innovation systems

In early March 2018, the Western Australian Government launched its New Industries Fund to ‘support venture creation and accelerate business growth to diversify the Western Australian (WA) economy and create new jobs’. A part of this fund is allocated to regional communities. I have been commissioned to assist in working with the regions to identify how…

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,…