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Enterprise Policy
Get PDFOver the last 30 years, the importance of entrepreneurship to employment, innovation, productivity and income growth has led to an interest in enterprise policy (Shane, 2008; Blackburn and Smallbone, 2008). Enterprise policies have been seen to encourage economic growth, create jobs and generate economic development (Audretsch and Beckmann, 2007), with the aim of meeting economic and social challenges (Wright et al., 2015). Acknowledging the importance of entrepreneurs and Small and Medium Enterprises (SMEs) allows an understanding of why so much attention is being paid to enterprise policy. This chapter answers the following fundamental questions in order to define, understand and review enterprise policy: What is enterprise policy? What is the economic rationale for undertaking enterprise policy? Why has enterprise policy become so important? What are the main instruments of enterprise policy?</jats:p
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