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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Israel is the only high income economy in the MED region, with a GDP per capita of USD 33 433 in 2012. Its population is only 4.4% of the total in the MED region. Israel is considered an industrialised economy – its major industrial sectors include manufacturing, technology, agriculture, chemicals and transport. Relatively poorly endowed with natural resources, Israel depends, unlike some of its neighbours, on oil and gas imports. Israel is the only OECD member country in the MED region.

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