Europe’s main economic engine — small and medium-size businesses — desperately needs attention if the Continent’s nascent recovery is to gain momentum. To provide a boost, policy makers and the private sector must resolve the systemic problems that impede the flow of information, limit access to capital, and contribute to burdensome regulations that stifle growth and employment.
In France, for example, there are roughly 60 percent fewer companies with 50 employees than with 49 employees. Why? All things being equal, you would expect a normal distribution of companies by employee size, with no significant difference in the number of firms with 48 employees, 49 or 50.… Seguir leyendo »