“The role of small businesses in poverty alleviation, economic growth and job creation has emerged as an important topic not only for policy makers but also for academic research. The importance of small businesses arises in view of the dismal performance of previous policies that emphasized large scale industrialization. Recent economic reforms have also created opportunities for the fledgling small businesses, and thus generated interest in small business research initiatives. It is generally agreed that encouraging the development of small businesses is an effective way of fostering growth and alleviation poverty, despite conflicting evidence obtained in several studies.”
