Personality of the Arab Entrepreneur

M. S. S. El Namaki

Chapter 6 in Strategy and Entrepreneurship in Arab Countries, 2008, pp 117-137 from Palgrave Macmillan

Abstract: Abstract Small business is a powerful tool of economic growth. It generates employment, creates new businesses, adds value added, stimulates exports, substitutes imports and complements large business. This has proved to be the case in countries as varied as Thailand, Ireland, and Japan. In Thailand the small business sector provides the backbone of several critical industries (e.g. apparel, food, and electric appliances), is the non-replaceable working partner of the multinational corporations operating in critical sectors (automotives, information technology, food, etc), and is looked at as a significant player in the all too critical tourism sector. In Ireland, the small business sector was a powerful tool within the tool box of several Irish government agencies as the IDA (Irish Development Authority) during the early stages of economic growth; their innovative approach to private initiative stimulation and small enterprise survival provides a classic case. Japan relied, also, on the growth of small rural enterprises with policies crafted to produce effective linkages between smaller and larger firms. Today a near 74 percent of the country’s industrial workforce is employed by small and medium size businesses.

Keywords: Small Business; Saudi Arabia; Venture Capital; Power Distance; Arab Country (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-28865-2_6

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DOI: 10.1057/9780230288652_6

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