Chile : A Strategy to Promote Innovative Small and Medium Enterprises

With its strong export orientation and emphasis on competitiveness, the Chilean economic model has been the envy of its neighbors for more than a decade. However, there are underlying vulnerabilities. Historically, exports have been concentrated in mining and agriculture, sectors dominated by large firms that do not generate a large share of employment. Small and medium enterprises play a key role in employment generation and economic decentralization in Chile, yet their employment was stagnant between 2000 and 2004. Based on work completed in 2003, this study provides a review of the Chilean government's substantial investment in programs that support small and medium enterprises. This review of government programs confirms the importance of coordination and an overarching strategy, in the form of a National Innovation System, led by a single institution. The review also finds that demand-driven programs were more likely to be sustainable. Finally, the study demonstrates that Chile (and other countries with many support programs for small and medium enterprises in place) needs an integrated management information system to analyze, assess, coordinate, and streamline the program portfolio for small and medium enterprises in the future.

Bibliographic Details

Main Authors:	Goldberg, Mike, Palladini, Eric
Language:	English
Published:	World Bank, Washington, DC 2008-02
Subjects:	ACCESS TO CREDIT, ACCESS TO INFORMATION, ACCESS TO SERVICES, ACCESS TO TECHNOLOGY, ACCOUNTING, ADMINISTRATIVE BURDENS, ADMINISTRATIVE COSTS, ADOPTION OF TECHNOLOGY, AUTOMATION, AVERAGE EXCHANGE RATE, AVERAGE GROWTH, AWARENESS CAMPAIGN, BANK LOANS, BANKRUPTCY, BANKS, BENEFICIARIES, BEST PRACTICES, BIOTECHNOLOGY, BOND, BONDS, BUDGET ALLOCATIONS, BUSINESS ASSOCIATION, BUSINESS ASSOCIATIONS, BUSINESS COMMUNITY, BUSINESS DEVELOPMENT, BUSINESS DEVELOPMENT SERVICES, BUSINESS ENVIRONMENT, BUSINESS MANAGERS, BUSINESS OPERATIONS, BUSINESS PLAN, BUSINESS SCHOOL, BUYERS, CALCULATION, CALL CENTERS, CAPABILITIES, CAPITAL EFFICIENCY, CAPITAL GAINS, CAPITAL MARKET, CAPITAL MARKETS, COLLECTION OF INFORMATION, COMMERCE, COMMERCIAL BANK, COMMERCIAL BANKS, COMMUNICATION TECHNOLOGIES, COMPETITIVENESS, CONFIDENTIAL INFORMATION, CONSERVATIVE ASSUMPTIONS, CONSULTING FIRMS, CONSUMER, CONSUMER CREDIT, CONTRIBUTION, CONTRIBUTIONS, COORDINATION MECHANISM, CREDIT LINE, CREDIT MANAGEMENT, CREDITOR, CREDITS, CUSTOMS, DEBT, DELIVERY MECHANISM, DELIVERY MECHANISMS, DEPOSITS, DEVELOPMENT BANK, DIRECT INVESTMENT, EARNINGS, ECONOMIC ACTIVITIES, ECONOMIC COOPERATION, ECONOMIC DEVELOPMENT, ECONOMIC MANAGEMENT, ELECTRICITY, EMPLOYMENT OPPORTUNITIES, EMPLOYMENT SERVICE, ENABLING ENVIRONMENT, ENTERPRISE SECTOR, EXCHANGE RATE, EXPORT PROMOTION, EXPORT SECTOR, EXTERNAL SHOCKS, FINANCES, FINANCIAL ANALYSIS, FINANCIAL INSTITUTION, FINANCIAL INSTITUTIONS, FINANCIAL INSTRUMENTS, FINANCIAL INTERMEDIARIES, FINANCIAL INTERMEDIARY, FINANCIAL MARKETS, FINANCIAL SECTOR, FINANCIAL SERVICES, FINANCIAL SYSTEM, FOREIGN DIRECT INVESTMENT, FUND MANAGERS, GOVERNMENT NETWORK, HUMAN CAPITAL, HUMAN RESOURCE, HUMAN RESOURCES, IMPLEMENTING AGENCIES, IMPLEMENTING AGENCY, INCOME, INCOME LEVEL, INDEBTEDNESS, INFLATION, INFORMATION SYSTEM, INFORMATION TECHNOLOGIES, INNOVATION, INNOVATIONS, INSPECTION, INSURANCE, INTANGIBLE ASSETS, INTEREST RATE, INTEREST RATES, INTERNAL PROCESSES, IRA, JOB CREATION, JOINT VENTURES, LABOR MARKET, LABOR MARKETS, LARGE COMPANIES, LARGE FIRM, LARGE FIRMS, LEGAL FRAMEWORK, LENDERS, LIABILITY, LICENSE, LIFE EXPECTANCY, LIMITED ACCESS, LOAN, LOAN AMOUNT, LOAN PROGRAMS, LOCAL BUSINESSES, LOW COST, MARKET ANALYSIS, MARKET DEMAND, MARKET INFORMATION, MARKET OPPORTUNITIES, MARKET RESEARCH, MARKET SHARE, MARKETING, MARKETING STRATEGIES, MEDIUM ENTERPRISE, MEDIUM ENTERPRISES, MENU, MICRO BUSINESS, MICRO BUSINESSES, MISSING ELEMENT, MONETARY INCENTIVE, NATIONAL ECONOMY, NATIONAL TRAINING, NATURAL RESOURCE, NETWORKS, NEW MARKETS, NEW TECHNOLOGIES, NEW TECHNOLOGY, ONE-STOP SHOPS, OPEN MARKETS, PENSION, PENSION FUND, PRICE INDEX, PRIMARY EDUCATION, PRIVATE FINANCIAL INSTITUTIONS, PRIVATE FUNDS, PRIVATE INVESTMENT, PRIVATE NETWORKS, PRIVATE SECTOR, PRIVATE SECTOR DEVELOPMENT, PRIVATE SECTOR FIRMS, PRIVATE SECTOR INVESTMENT, PRIVATE SECTOR PARTICIPATION, PROCUREMENT, PRODUCT DESIGN, PRODUCT DESIGNS, PRODUCT DEVELOPMENT, PRODUCTIVITY, PROTOTYPE, PUBLIC AWARENESS, PUBLIC GOOD, PURCHASING POWER, R&D, RATE OF RETURN, RATES OF RETURN, RECESSION, REGIONAL NETWORK, REGULATORY FRAMEWORK, RESOURCE ALLOCATION, RESOURCE MANAGEMENT, RESULT, RESULTS, RETAIL BANK, RETAIL CREDIT, RISK FACTORS, RISK PREMIUM, RISK PROFILE, SALES, SAVINGS, SECURITIES, SELF-EMPLOYMENT, SENIOR, SKILLED WORKERS, SMALL BUSINESS, SMALL BUSINESSES, SMALL ENTREPRENEURS, SMALL-SCALE INDUSTRIES, SMALLER FIRMS, SOURCES OF INCOME, STATE BANKS, STOCK EXCHANGE, STOCK MARKET, SUPERVISION, SUPPLY CHAIN, SUPPLY NETWORK, SUPPORT PROGRAM, SUPPORT PROGRAMS, TAX INCENTIVE, TAX INCENTIVES, TECHNICAL ASSISTANCE, TECHNICAL COOPERATION, TECHNICAL KNOWLEDGE, TECHNICAL RESOURCES, TECHNOLOGY INVESTMENT, TELECOM, TRAINING PROGRAMS, TRANSACTION, UNEMPLOYED, UNEMPLOYMENT, USES, VALUABLE, VALUE CHAINS, WEB, WORK FORCE, WORKING CAPITAL, WORTH,
Online Access:	http://documents.worldbank.org/curated/en/2008/02/9013019/chile-strategy-promote-innovative-small-medium-enterprises https://hdl.handle.net/10986/6428
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