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SME Policy Index: The Mediterranean Middle East and North Africa 2014

Implementation of the Small Business Act for Europe

image of SME Policy Index: The Mediterranean Middle East and North Africa 2014

This report assesses the elaboration and implementation of SME policy in eight Middle East and North African economies of the southern Mediterranean shore. The assessment is structured according to the ten policy principles covered in the Small Business Act for Europe (the SBA). One of the main findings is that over the last five years there has been progress in SME policy elaboration and implementation in spite of the political and economic turmoil. However, that progress has been modest, incremental and uneven across economies and dimensions. Political and economic stability, as well as institutional development, had a major impact on policy performance.

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Egypt

Egypt is the second largest economy of the MED region and is classified as a lower middle income country according to the World Bank. It has a large and growing population and lacks the natural resource abundance of other neighbouring economies. Nevertheless, mineral fuels are the main export item; constituting 30% of all exports in 2012 (World Bank, 2014).The Egyptian economy is dominated by the service sector, notably tourism, transport and public administration.

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