Argentina - Small and Medium-Sized Enterprises in Argentina : A Potential Engine for Economic Growth and Employment
The convertibility law, and economic liberalization in the early 1990s in Argentina, brought about dramatic changes in economic performance. To adjust to increasing globalization, and a series of external shocks, small and medium size enterprises (...
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| Language: | English en_US |
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Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2002/08/2007083/argentina-small-medium-sized-enterprises-argentina-potential-engine-economic-growth-employment http://hdl.handle.net/10986/15360 |
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okr-10986-15360 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCOUNTING ASSET MANAGEMENT AVERAGE PRODUCTIVITY BANK CREDIT BANK LOANS BANK SIZE BANKING SYSTEM BUSINESS DEVELOPMENT BUSINESS ENVIRONMENT BUSINESS REGISTRATION COMMERCIAL DEBT COMPANY COMPARATIVE ADVANTAGE COMPETITORS CONGLOMERATES CONSOLIDATION CREDIT MARKETS DEBT DECISION MAKING DEREGULATION ECONOMIC ACTIVITY ECONOMIC GROWTH EFFECTIVE DEMAND EMPLOYMENT ENVIRONMENTAL MANAGEMENT EQUILIBRIUM EQUITY INVESTMENTS EXPANSION FACTORING FINANCIAL INTERMEDIARIES FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL STRUCTURE FIRM SIZE FISCAL YEAR FIXED COSTS FOREIGN DIRECT INVESTMENT GOVERNMENT POLICIES INCOME INTEREST RATES JOB CREATION LABOR FORCE LABOR MARKET LABOR PRODUCTIVITY LAWS LEASING LEGAL FRAMEWORK LEGAL PROCEDURES LIQUIDATION MUNICIPALITIES PRIVATE EQUITY PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRODUCTIVITY PUBLIC POLICIES QUALITY STANDARDS REGISTRATION PROCEDURES REGULATORY FRAMEWORK RISK FACTORS SMALL AND MEDIUM ENTERPRISES SMALL AND MEDIUM-SIZED ENTERPRISES SMALL FIRMS SME SME DEVELOPMENT SME LENDING SME POLICIES SME POLICY SME PROMOTION SME SECTOR SMES TECHNICAL ASSISTANCE TECHNICAL SUPPORT TRANSACTION COSTS WORKING CAPITAL SMALL & MEDIUM SCALE ENTERPRISES CONVERTIBILITY ECONOMIC LIBERALIZATION GLOBALIZATION EXTERNAL SHOCKS BUSINESS CONDITIONS LEGAL FRAMEWORK ECONOMIC CONTRACTION INFORMATION TECHNOLOGY COMMUNICATIONS TECHNOLOGY FINANCING OPTIONS GROWTH PROMOTION EQUITY OBJECTIVES ORGANIZATIONAL EFFECTIVENESS TECHNOLOGICAL CAPACITY INSTITUTIONAL FRAMEWORK BUSINESS ENVIRONMENT POLICY FRAMEWORK FINANCIAL MANAGEMENT KNOWLEDGE ACQUISITION TRAINING NEEDS TECHNICAL ASSISTANCE DEMAND-DRIVEN INCENTIVES PERFORMANCE INDICATORS ENTREPRENEURSHIP MANAGEMENT DEVELOPMENT COST RECOVERY POLICY DEVELOPMENT |
| spellingShingle |
ACCOUNTING ASSET MANAGEMENT AVERAGE PRODUCTIVITY BANK CREDIT BANK LOANS BANK SIZE BANKING SYSTEM BUSINESS DEVELOPMENT BUSINESS ENVIRONMENT BUSINESS REGISTRATION COMMERCIAL DEBT COMPANY COMPARATIVE ADVANTAGE COMPETITORS CONGLOMERATES CONSOLIDATION CREDIT MARKETS DEBT DECISION MAKING DEREGULATION ECONOMIC ACTIVITY ECONOMIC GROWTH EFFECTIVE DEMAND EMPLOYMENT ENVIRONMENTAL MANAGEMENT EQUILIBRIUM EQUITY INVESTMENTS EXPANSION FACTORING FINANCIAL INTERMEDIARIES FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL STRUCTURE FIRM SIZE FISCAL YEAR FIXED COSTS FOREIGN DIRECT INVESTMENT GOVERNMENT POLICIES INCOME INTEREST RATES JOB CREATION LABOR FORCE LABOR MARKET LABOR PRODUCTIVITY LAWS LEASING LEGAL FRAMEWORK LEGAL PROCEDURES LIQUIDATION MUNICIPALITIES PRIVATE EQUITY PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRODUCTIVITY PUBLIC POLICIES QUALITY STANDARDS REGISTRATION PROCEDURES REGULATORY FRAMEWORK RISK FACTORS SMALL AND MEDIUM ENTERPRISES SMALL AND MEDIUM-SIZED ENTERPRISES SMALL FIRMS SME SME DEVELOPMENT SME LENDING SME POLICIES SME POLICY SME PROMOTION SME SECTOR SMES TECHNICAL ASSISTANCE TECHNICAL SUPPORT TRANSACTION COSTS WORKING CAPITAL SMALL & MEDIUM SCALE ENTERPRISES CONVERTIBILITY ECONOMIC LIBERALIZATION GLOBALIZATION EXTERNAL SHOCKS BUSINESS CONDITIONS LEGAL FRAMEWORK ECONOMIC CONTRACTION INFORMATION TECHNOLOGY COMMUNICATIONS TECHNOLOGY FINANCING OPTIONS GROWTH PROMOTION EQUITY OBJECTIVES ORGANIZATIONAL EFFECTIVENESS TECHNOLOGICAL CAPACITY INSTITUTIONAL FRAMEWORK BUSINESS ENVIRONMENT POLICY FRAMEWORK FINANCIAL MANAGEMENT KNOWLEDGE ACQUISITION TRAINING NEEDS TECHNICAL ASSISTANCE DEMAND-DRIVEN INCENTIVES PERFORMANCE INDICATORS ENTREPRENEURSHIP MANAGEMENT DEVELOPMENT COST RECOVERY POLICY DEVELOPMENT World Bank Argentina - Small and Medium-Sized Enterprises in Argentina : A Potential Engine for Economic Growth and Employment |
| geographic_facet |
Latin America & Caribbean |
| description |
The convertibility law, and economic
liberalization in the early 1990s in Argentina, brought
about dramatic changes in economic performance. To adjust to
increasing globalization, and a series of external shocks,
small and medium size enterprises (SMEs) were confronted
with the task of developing business strategies to secure
their niches in the new arena. However, such strategies were
obstructed by constraints in the legal, and economic
framework, weak information and technology aspects, and
insufficient access to finance. The report builds on the
following issues: 1) the critical aspect of the SME sector
to the Argentine economy, both from a growth/efficiency, and
equity standpoint; yet on average, SMEs have failed to
attain their potential; 2) the highly heterogeneous
configuration, particular organizational, and technological
characteristics of SMEs; 3) the high degree of institutional
rigidity of the country's business environment; 4) the
need to develop policy actions to deepen financial markets
for SMEs; 5) the significant knowledge constraints - by and
large, no training nor technical assistance services are
available, mainly because of high costs; 6) the striking
multiplicity of SME programs, yet with uncertain impact;
and, 7) the need to overhaul SME policies, and programs to
prod more incentive- and demand-driven approaches. Elements
for effective SMEs assistance programs include the
development of a standard set of metrics to measure
performance of SMEs, and, entrepreneurial management, deemed
of critical importance. As well, cost recovery growth should
be targeted, extensively using follow-up techniques, and
leveraging their effectiveness through the use of
information, and communications technology. Most
importantly, the policy challenge lies in taking initiatives
to develop institutions at the national, and local levels,
to encourage transition from inward-looking firms, narrow
search routines, and information-poor markets, to
learning-oriented firms, and mature, information-rich markets. |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Argentina - Small and Medium-Sized Enterprises in Argentina : A Potential Engine for Economic Growth and Employment |
| title_short |
Argentina - Small and Medium-Sized Enterprises in Argentina : A Potential Engine for Economic Growth and Employment |
| title_full |
Argentina - Small and Medium-Sized Enterprises in Argentina : A Potential Engine for Economic Growth and Employment |
| title_fullStr |
Argentina - Small and Medium-Sized Enterprises in Argentina : A Potential Engine for Economic Growth and Employment |
| title_full_unstemmed |
Argentina - Small and Medium-Sized Enterprises in Argentina : A Potential Engine for Economic Growth and Employment |
| title_sort |
argentina - small and medium-sized enterprises in argentina : a potential engine for economic growth and employment |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2002/08/2007083/argentina-small-medium-sized-enterprises-argentina-potential-engine-economic-growth-employment http://hdl.handle.net/10986/15360 |
| _version_ |
1764427046945030144 |
| spelling |
okr-10986-153602021-04-23T14:03:14Z Argentina - Small and Medium-Sized Enterprises in Argentina : A Potential Engine for Economic Growth and Employment World Bank ACCOUNTING ASSET MANAGEMENT AVERAGE PRODUCTIVITY BANK CREDIT BANK LOANS BANK SIZE BANKING SYSTEM BUSINESS DEVELOPMENT BUSINESS ENVIRONMENT BUSINESS REGISTRATION COMMERCIAL DEBT COMPANY COMPARATIVE ADVANTAGE COMPETITORS CONGLOMERATES CONSOLIDATION CREDIT MARKETS DEBT DECISION MAKING DEREGULATION ECONOMIC ACTIVITY ECONOMIC GROWTH EFFECTIVE DEMAND EMPLOYMENT ENVIRONMENTAL MANAGEMENT EQUILIBRIUM EQUITY INVESTMENTS EXPANSION FACTORING FINANCIAL INTERMEDIARIES FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL STRUCTURE FIRM SIZE FISCAL YEAR FIXED COSTS FOREIGN DIRECT INVESTMENT GOVERNMENT POLICIES INCOME INTEREST RATES JOB CREATION LABOR FORCE LABOR MARKET LABOR PRODUCTIVITY LAWS LEASING LEGAL FRAMEWORK LEGAL PROCEDURES LIQUIDATION MUNICIPALITIES PRIVATE EQUITY PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRODUCTIVITY PUBLIC POLICIES QUALITY STANDARDS REGISTRATION PROCEDURES REGULATORY FRAMEWORK RISK FACTORS SMALL AND MEDIUM ENTERPRISES SMALL AND MEDIUM-SIZED ENTERPRISES SMALL FIRMS SME SME DEVELOPMENT SME LENDING SME POLICIES SME POLICY SME PROMOTION SME SECTOR SMES TECHNICAL ASSISTANCE TECHNICAL SUPPORT TRANSACTION COSTS WORKING CAPITAL SMALL & MEDIUM SCALE ENTERPRISES CONVERTIBILITY ECONOMIC LIBERALIZATION GLOBALIZATION EXTERNAL SHOCKS BUSINESS CONDITIONS LEGAL FRAMEWORK ECONOMIC CONTRACTION INFORMATION TECHNOLOGY COMMUNICATIONS TECHNOLOGY FINANCING OPTIONS GROWTH PROMOTION EQUITY OBJECTIVES ORGANIZATIONAL EFFECTIVENESS TECHNOLOGICAL CAPACITY INSTITUTIONAL FRAMEWORK BUSINESS ENVIRONMENT POLICY FRAMEWORK FINANCIAL MANAGEMENT KNOWLEDGE ACQUISITION TRAINING NEEDS TECHNICAL ASSISTANCE DEMAND-DRIVEN INCENTIVES PERFORMANCE INDICATORS ENTREPRENEURSHIP MANAGEMENT DEVELOPMENT COST RECOVERY POLICY DEVELOPMENT The convertibility law, and economic liberalization in the early 1990s in Argentina, brought about dramatic changes in economic performance. To adjust to increasing globalization, and a series of external shocks, small and medium size enterprises (SMEs) were confronted with the task of developing business strategies to secure their niches in the new arena. However, such strategies were obstructed by constraints in the legal, and economic framework, weak information and technology aspects, and insufficient access to finance. The report builds on the following issues: 1) the critical aspect of the SME sector to the Argentine economy, both from a growth/efficiency, and equity standpoint; yet on average, SMEs have failed to attain their potential; 2) the highly heterogeneous configuration, particular organizational, and technological characteristics of SMEs; 3) the high degree of institutional rigidity of the country's business environment; 4) the need to develop policy actions to deepen financial markets for SMEs; 5) the significant knowledge constraints - by and large, no training nor technical assistance services are available, mainly because of high costs; 6) the striking multiplicity of SME programs, yet with uncertain impact; and, 7) the need to overhaul SME policies, and programs to prod more incentive- and demand-driven approaches. Elements for effective SMEs assistance programs include the development of a standard set of metrics to measure performance of SMEs, and, entrepreneurial management, deemed of critical importance. As well, cost recovery growth should be targeted, extensively using follow-up techniques, and leveraging their effectiveness through the use of information, and communications technology. Most importantly, the policy challenge lies in taking initiatives to develop institutions at the national, and local levels, to encourage transition from inward-looking firms, narrow search routines, and information-poor markets, to learning-oriented firms, and mature, information-rich markets. 2013-08-26T22:00:21Z 2013-08-26T22:00:21Z 2002-08 http://documents.worldbank.org/curated/en/2002/08/2007083/argentina-small-medium-sized-enterprises-argentina-potential-engine-economic-growth-employment http://hdl.handle.net/10986/15360 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Latin America & Caribbean |