CEU Electronic Theses and Dissertations, 2018
| Author | Al Hussein, Kutaiba |
|---|---|
| Title | Models to Support Small and Medium Size Enterprises in Developing Countries - The Case of Syria - (Focus on Government Special Projects, Leasing and Private Equity) |
| Summary | The fundamental role of small and mid-size enterprises (SMEs) the economic development is manifested by their ability in creating jobs, filling the market’s gaps in more efficiently than large businesses, and contributing to GDP growth. Thus, every government needs to rely upon SMEs in order to boost growth in their economies. The validity of the SMEs’ economic contribution is not the exclusivity of the US, Europe and other advanced economies. Rather, their significance is much more apparent for the developing countries, where SMEs could be the key to rebuild the economy. Especially, in Syria where the present war has already driven the country to economic despair, it is crucial to understand that the support of SMEs, as well as the application of appropriate funding mechanisms, could be the means to reform the broken economic systems and relieve the markets after the war. In light of these considerations, this paper will focus on the three potential forms of SME financing in Syria as a crucial step of the revival of its economy. The first form includes various government-sponsored special projects that include financial support as well. The second possible source of financing is exploitation of asset-based financing, where the two most readily available financing forms are: title finance (focusing on leasing) and receivable. The third possible source of financing is provided by private equity firms. This paper will start with illustrating the differences of the SMEs’ definitions between Syria and the World Bank, the European Commission and the Organization for Economic Co-operation and Development (OECD), highlighting the obstacles that are arising from these differences in front of SMEs to access financing programs. |
| Supervisor | Tibor Tajti |
| Department | Legal Studies LLM |
| Full text | https://www.etd.ceu.edu/2018/al-hussein_kutaiba.pdf |
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