Micro-, Small- and Medium-Sized Enterprises with High-Growth Potential in the Southern Mediterranean: Identifying Obstacles and Policy Responses

CEPS, ISBN 978-94-6138-366-2, 2014

88 Pages Posted: 21 Jan 2014

See all articles by Rym Ayadi

Rym Ayadi

HEC Montreal

Willem De Groen

Centre for European Policy Studies (CEPS)

Date Written: January 14, 2014

Abstract

The Arab Spring, which took root in Tunisia and Egypt in the beginning of 2011 and gradually spread to other countries in the southern Mediterranean, highlighted the importance of private-sector development, job creation, improved governance and a fairer distribution of economic opportunities. The developments led to domestic and international calls for the region’s governments to implement the needed reforms to enhance business and investment conditions, modernise their economies and support the development of enterprises. Central to these demands are calls to enhance the growth prospects of micro-, small- and medium-sized enterprises (MSMEs), which represent an overwhelming majority of the region’s economic activity.

On the basis of interviews conducted among high-growth potential MSMEs in selected countries in the southern Mediterranean – Algeria, Egypt, Morocco and Tunisia – this report identifies and ranks key obstacles preventing MSMEs from reaching their high-growth potential and puts forward effective policy responses to reduce these obstacles. If implemented, the authors argue that these policies could unlock the MSMEs potential to contribute more to their economies.

Keywords: southern Mediterranean, Algeria, Egypt, Morocco and Tunisia, MSMEs

Suggested Citation

Ayadi, Rym and De Groen, Willem, Micro-, Small- and Medium-Sized Enterprises with High-Growth Potential in the Southern Mediterranean: Identifying Obstacles and Policy Responses (January 14, 2014). CEPS, ISBN 978-94-6138-366-2, 2014. Available at SSRN: https://ssrn.com/abstract=2381917

Rym Ayadi (Contact Author)

HEC Montreal ( email )

3000, Chemin de la Côte-Sainte-Catherine
Montreal, Quebec H2X 2L3
Canada

Willem De Groen

Centre for European Policy Studies (CEPS) ( email )

1 Place du Congres, 1000
Brussels, 1000
Belgium

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