One year of SME and entrepreneurship policy responses to COVID-19: Lessons learned to "build back better:
This paper provides an analysis of the diverse range of SME and entrepreneurship policy measures implemented during the course of a year since the start of the COVID-19 crisis, with a view to identify lessons learned and implications for policy going forward, and assist governments build evidence-ba...
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| Format: | Elektronisch E-Book |
|---|---|
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2021
|
| Schriftenreihe: | OECD Policy Responses to Coronavirus (COVID-19)
|
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | This paper provides an analysis of the diverse range of SME and entrepreneurship policy measures implemented during the course of a year since the start of the COVID-19 crisis, with a view to identify lessons learned and implications for policy going forward, and assist governments build evidence-based policies to support SME recovery and resilience. The paper documents how SMEs were at the centre of the disruptions at the start of the pandemic and that one year later they stand in an even more precarious position, in particular young firms and start-ups, the self-employed, as well as women-led or minority-owned businesses. Governments acted swiftly to put in place ambitious support for SMEs and entrepreneurs, but one year into the pandemic, they are facing a complex dilemma that emergency liquidity support remains essential but at the same time it is not sustainable over the longer term and may have potential negative effects that need to be addressed to support the recovery. This paper formulates 15 lessons learned to help governments address three challenges: First, to continue support measures to avoid a liquidity crisis among SMEs while minimising the negative side effects; Second, to ensure that the gradual phase out of this emergency support does not create an SME solvency crisis; And third, to introduce effective policies that foster SME recovery |
| Beschreibung: | 1 Online-Ressource (37 Seiten) |
| DOI: | 10.1787/9a230220-en |
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| language | English |
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| spelling | One year of SME and entrepreneurship policy responses to COVID-19: Lessons learned to "build back better Organisation for Economic Co-operation and Development Paris OECD Publishing 2021 1 Online-Ressource (37 Seiten) txt rdacontent c rdamedia cr rdacarrier OECD Policy Responses to Coronavirus (COVID-19) This paper provides an analysis of the diverse range of SME and entrepreneurship policy measures implemented during the course of a year since the start of the COVID-19 crisis, with a view to identify lessons learned and implications for policy going forward, and assist governments build evidence-based policies to support SME recovery and resilience. The paper documents how SMEs were at the centre of the disruptions at the start of the pandemic and that one year later they stand in an even more precarious position, in particular young firms and start-ups, the self-employed, as well as women-led or minority-owned businesses. Governments acted swiftly to put in place ambitious support for SMEs and entrepreneurs, but one year into the pandemic, they are facing a complex dilemma that emergency liquidity support remains essential but at the same time it is not sustainable over the longer term and may have potential negative effects that need to be addressed to support the recovery. This paper formulates 15 lessons learned to help governments address three challenges: First, to continue support measures to avoid a liquidity crisis among SMEs while minimising the negative side effects; Second, to ensure that the gradual phase out of this emergency support does not create an SME solvency crisis; And third, to introduce effective policies that foster SME recovery Social Issues/Migration/Health Industry and Services https://doi.org/10.1787/9a230220-en Verlag kostenfrei Volltext |
| spellingShingle | One year of SME and entrepreneurship policy responses to COVID-19: Lessons learned to "build back better Social Issues/Migration/Health Industry and Services |
| title | One year of SME and entrepreneurship policy responses to COVID-19: Lessons learned to "build back better |
| title_auth | One year of SME and entrepreneurship policy responses to COVID-19: Lessons learned to "build back better |
| title_exact_search | One year of SME and entrepreneurship policy responses to COVID-19: Lessons learned to "build back better |
| title_exact_search_txtP | One year of SME and entrepreneurship policy responses to COVID-19: Lessons learned to "build back better |
| title_full | One year of SME and entrepreneurship policy responses to COVID-19: Lessons learned to "build back better Organisation for Economic Co-operation and Development |
| title_fullStr | One year of SME and entrepreneurship policy responses to COVID-19: Lessons learned to "build back better Organisation for Economic Co-operation and Development |
| title_full_unstemmed | One year of SME and entrepreneurship policy responses to COVID-19: Lessons learned to "build back better Organisation for Economic Co-operation and Development |
| title_short | One year of SME and entrepreneurship policy responses to COVID-19: Lessons learned to "build back better |
| title_sort | one year of sme and entrepreneurship policy responses to covid 19 lessons learned to build back better |
| topic | Social Issues/Migration/Health Industry and Services |
| topic_facet | Social Issues/Migration/Health Industry and Services |
| url | https://doi.org/10.1787/9a230220-en |