ISET Economist Blog

A blog about economics in the South Caucasus.

Is Small (And Medium) All That Beautiful?

  Most development practitioners subscribe to the view that vibrant small-and-medium enterprises (SMEs) are crucial for the health of a country’s economy. The SME sector is crucial, the argument goes, because it creates employment and serves as a hotbed of entrepreneurial talent. Additionally, SMEs are often seen as a source of new, fast growing industries, contributing to a price-reducing and quality-improving competition with large and old firms that tend to dominate markets in small countries such as Georgia. For example, a 2011 report prepa...
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Recent Comments
Guest — Simon Appleby
Rezo Vashakidze's statement about 50% of the population being smallholder farmers is out of date. According to the last census, on... Read More
Monday, 01 June 2015 9:09 AM
Guest — Eric Livny
The point I was trying to make in this article – but perhaps failed – is NOT that Georgia does not need SMEs. My point is that the... Read More
Monday, 01 June 2015 12:12 PM
Guest — Angela Prigozhina
1. I do agree that distribution of subsidies to agriculture subsistence farmers has nothing to do with productivity growth and job... Read More
Monday, 01 June 2015 2:02 PM
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