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OECD SME and Entrepreneurship Outlook 2019

image of OECD SME and Entrepreneurship Outlook 2019

The new OECD SME and Entrepreneurship Outlook presents the latest trends in performance of small and medium-sized enterprises (SMEs) and provides a comprehensive overview of business conditions and policy frameworks for SMEs and entrepreneurs.

This year’s edition provides comparative evidence on business dynamism, productivity growth, wage gaps and export trends by firm size across OECD countries and emerging economies. It explores the implications of digitalisation and globalisation for market conditions and SME access to strategic resources such as finance, skills, technology, data and other innovation assets. The report gives comparative analysis of regulatory frameworks and policies to enhance contributions by SMEs and entrepreneurs, and delivers a forward-looking perspective on the opportunities and challenges SMEs and entrepreneurs face in doing business and scaling up their activities. It also contains country profiles outlining the latest developments in national SME performance and business conditions, with expanded country profiles available on line.

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Japan

Corporate insolvency regime in Japan is among the most efficient in the OECD area. Conditions for starting a business and the regulatory framework remain however comparatively complex. The Basic Policy on Economic and Fiscal Management and Reform 2018 provides the framework for regulatory reforms including a reduction of the costs associated with administrative procedures and the promotion of a Regulatory Sandboxes System. Conditions for business transfers have also been revised in 2018 with reduced taxation on the succession of licenses and permits and the implementation of new regional business succession support agencies.

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