2000-08-07
org.kosen.entty.User@c97ec70
김보영(ostin1)
The purpose of this white paper is to document the role of small and medium-sized enterprises in the new economy. Small firms make two indispensable contributions to the American economy. First, they are an integral part of the renewal process that pervades and defines market economies. New and small firms play a crucial role in experimentation and innovation that leads to technological change and productivity growth. Second, small firms are the essential mechanism by which millions enter the economic and social mainstream of American society. Small business is the vehicle by shich millions access the American Dream by creating opportunities for women, minorities and immigrant. In this evolutionary process, community plays the crucial and indispensable role of providing the "social glui"and networking that binds small firms together in both high tech and "Main Street"activities. The crucial barometer for economic and social well-being is the continued high level of creation of new and small firms in all sectors of the economy by all segments of society. It should be the role of gobernment policy to facilitate that process by eliminating barriers to entry, lowering transaction costs, and minimizing monopoly profits by large firms.
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