Small Businesses and Entrepreneurs in Palestine
13 Pages Posted: 6 Oct 2008
Date Written: October 3, 2008
The Palestinian nation is considered as an emerging economy with moderate level in human development and relatively high advancement level in education including women. The small and medium scale firms operated in Palestine are mainly family business working in service sector and retailing businesses financed by individual and family savings. In spite of the nominal support mentioned in the economic plans issued by the Palestinian National Authority, nothing has been materialized to support such sector. In addition, no single favorite regulations or tax or customs exemptions issued to enhance such sector were offered. However, the only support coming to this sector is that are related to the microfinance programs run by the UNRWA agency and about ten specialized NGOs, which offer reasonable support for such sector through mainly short term loans with simple collateral instruments.
Keywords: Small business, Entrepreneurs, medium scale firms, emerging economy, Palestine
JEL Classification: M10, M13
Suggested Citation: Suggested Citation