Friday, July 01, 2005Small Business Assistance Programs: Policies and Instruments to aid SMEs in Japan, Canada and the United States.
By: The Enterprise Research Institute
For: The InterAmerican Development Bank, 2000 It has become abundantly clear that SMEs play a vital role in any economy and can be dynamic entities capable of generating new growth and injecting vitality into the economic base of a country or sector. Consequently, most countries are increasingly evaluating the policies that they have in place which impact small businesses and many are fostering legislation and programs that targets small business development and attempts to ensure its viability as a way to boost economic stability and growth. This paper aims to examine in some detail the non-financial instruments, i.e., laws, programs and services utilized in Japan, Canada and the US to promote the activities and bring about growth of SMEs. The purpose for examining these three countries is that between them they provide a brought array of Small business assistance programs. In addition there are significant contrasts in the way assistance is delivered to SMEs both in terms of the agencies that provide help and in the way that they are funded. |