"Success in Small and Medium-Scale Enterprises"

Paper Summary:

This paper is an analysis of the book "Success in Small and Medium-Scale Enterprises", a report written by Cortes, Berry, and Ishaq on a research project undertaken and published by the World Bank. The paper discusses the main findings of the study, which set out to explain the escalated growth of selected businesses, in comparison to large industries, during the 1970s in Colombia.

From the Paper:

"Cortes, Berry, and Ishaq in "Success in Small and Medium-Scale Enterprises" set out to explain the escalated growth of these businesses, in comparison to large industries, during the 1970s in Colombia. This book is a report on a research project undertaken and published by the World Bank. The data used in the study are mainly based on surveys of the metal-working and food processing industries. Determinants of efficiency in these industries are examined, along with determinants of viability. Patterns and trends in firm size and distribution are explained by technological factors, demand factors, input supply factors, and constraints on the rate of exchange of output.

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