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These SMEs [...] are the prime growth engine for the economy.

This is frequently asserted, based on the fact that small business growth is correlated with overall growth. It is not, as far as I am aware, based on any deeper understanding of whether small businesses drive growth, or merely react to growth created by other economic actors. When looking at the mechanics of production, it is easier to believe the latter than the former.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed Feb 23rd, 2011 at 03:50:38 PM EST
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