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...