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…

A recent debate on regulatory reform

Getting the balance between too much regulation and too little is a challenging job. In my own work, I try to focus more on the quality of regulation and its ultimate effect, rather than simply the number. However, it is clear that there can be too many laws and regulations for business, and the public…