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SME Policy Index: Eastern Partner Countries 2016

Assessing the Implementation of the Small Business Act for Europe

image of SME Policy Index: Eastern Partner Countries 2016

The SME Policy Index is a benchmarking tool designed for emerging economies to assess SME policy frameworks and monitor progress in policy implementation over time. The Index has been developed by the OECD in partnership with the European Commission, the European Bank for Reconstruction and Development (EBRD), and the European Training Foundation (ETF) in 2006.

For the Eastern Partner Countries, the assessment framework is structured around the ten principles of the Small Business Act for Europe (SBA), providing a wide-range of pro-enterprise measures to guide the design and implementation of SME policies based on good practices promoted by the EU and the OECD. It is applied to the Eastern Partner Countries for the second time since 2012.

The Index identifies strengths and weaknesses in policy design and implementation, allows for comparison across countries and measures convergence towards good practices and relevant policy standards. It aims to support governments in setting targets for SME policy development and to identify strategic priorities to further improve the business environment. It also helps to engage governments in policy dialogue and exchange good practices within the region and with OECD and EU members.

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Entrepreneurial learning and women's entrepreneurship (Dimension 1) in Eastern partner countries

Promoting entrepreneurship across the education system is considered increasingly important in a country’s drive to build competitive, job-creating economies. Likewise, the fullest integration of women into the entrepreneurship drive will also boost the economy and jobs. The SBA assessment has noted policy improvements in all countries in bringing forward entrepreneurial learning. However, greater policy commitment, particularly in higher education, is still required. A particular challenge at all levels of education is integrating entrepreneurship as a key competence within the national curriculum. Given that this is an uncharted, developing area, all countries would do well to share experiences and learn from developments in the European Union, where the issue is now receiving considered attention. While women’s entrepreneurship is increasingly on the policy radar in the Eastern partner region, governments should ensure that it is more tightly connected to countries’ economic growth agenda and that human capital policies are fully tuned to the needs of women.

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