Understanding the Development of Small Business Policy
It is not widely understood that the importance of small businesses only became apparent with the publication of David Birch’s book The Job Generation Process in 1979. Over the past four decades, governments across the globe have struggled to design, implement and evaluate policies that benefit the development of small firms. Deciding whether macro or micro policies are more appropriate for a given context has usually created an initial challenge for policy-makers. However, a cause for even greater dispute has been determining and agreeing what might be the preferred outcomes of such policies (e.g. more firms, better performing firms, fewer firm failures, job creation, greater productivity, higher levels of innovation, inclusivity of disadvantaged groups). Furthermore, evaluating the impact of specific policies presents a wide range of difficulties since it is impossible to isolate a simple cause-and-effect relationship between policy and its stated goal. This book explores the development of small business policy in five countries across five continents and seeks to develop a deeper understanding regarding how small business policy has evolved in these countries and what we might learn from their experiences.
This book was originally published as a special issue of Small Enterprise Research.
Introduction 1. Entrepreneurship policy: issues and challenges 2. The evolution of public policy affecting small business in the United States since Birch 3. The evolution of small business policy in Australia and New Zealand 4. Small and medium-sized enterprises policy in Korea from the 1960s to the 2000s and beyond 5. The financing of new firms: what governments need to know 6. Government agencies should be exemplars of business behaviour 7. Colombia small- and medium-sized enterprise’s 70 years of progress: what’s next? 8. Does 'entrepreneurship' exist?