The Role of Small Business in Economic Development of the United States: From the End of the Korean War (1953) to the Present

19 Pages Posted: 8 Apr 2011

See all articles by Major Clark

Major Clark

Government of the United States of America - Office of Advocacy

Radwan Saade

Government of the United States of America - Office of Advocacy

Date Written: April 5, 2011

Abstract

A government can use its financial strength to acquire goods and services, while at the same time watering many sources to improve the health, welfare, and security of its population. Economic development has been evasive to a significant section of the U.S. and federal programs have attempted to remedy the disparity (ies). We contend that small business is an engine of economic growth and job creation; and that not tapping it delays rather promotes growth. While providing a brief history of federal economic development programs, we argue that small business was not given a chance to act as multiplier, and that if the U.S. is to continue to grow, small businesses must be part of the mantle to lead it to the next level; otherwise, the past is prologue.

Suggested Citation

Clark, Major and Saade, Radwan, The Role of Small Business in Economic Development of the United States: From the End of the Korean War (1953) to the Present (April 5, 2011). Available at SSRN: https://ssrn.com/abstract=1803161 or http://dx.doi.org/10.2139/ssrn.1803161

Major Clark (Contact Author)

Government of the United States of America - Office of Advocacy ( email )

409 Third St., S.W.
Washington, DC
United States

Radwan Saade

Government of the United States of America - Office of Advocacy ( email )

409 Third St., S.W.
Washington, DC
United States

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