Microenterprises account for a large fraction of employment in developing countries and they are likely to increase in importance in the future. In Sub- Saharan Africa, for example, around 8 million additional jobs need to be created annually in order to cope with the increasing number of new...

With urban industrialization on the scale achieved by East Asian economies looking increasingly less plausible, small economies in Africa need an alternative strategic approach to long-term growth. The purpose of this paper is to identify a growth strategy with the greatest potential for small,...