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 5 countries across 5 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 Thomas M. Cooney
1. Entrepreneurship policy: issues and challenges David Smallbone
2. The evolution of public policy affecting small business in the United States since Birch William J. Dennis, Jr.
3. The evolution of small business policy in Australia and New Zealand Tim Mazzarol and Delwyn Clark
4. Small and medium-sized enterprises policy in Korea from the 1960s to the 2000s and beyond Chang-Yong Sung, Ki-Chan Kim and Sungyong In
5. The financing of new firms: what governments need to know David Storey and Julian Frankish
6. Government agencies should be exemplars of business behaviour Mark Allsop and Mark Brennan
7. Colombia small- and medium-sized enterprise’s 70 years of progress: what’s next? Rodrigo Otoniel Varela Villegas
8. Does 'entrepreneurship' exist? Simon Bridge