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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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The policy framework, methodology and assessment process

The “Small Business Act” for Europe was adopted in 2008 with the aim to put in place a comprehensive SME policy framework for the EU and its member states. It aims to improve the overall approach to entrepreneurship, anchor the Think Small First principle in policy making from regulation to public service, and to promote SME growth by helping them tackle the problems which hamper their development.1 The term “Act” in the SBA is of a symbolic (rather than legal) character.

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