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In developed countries, SMEs represent up to 80% of national economic
activity. Thus, SMEs are potentially the largest source of national
employment growth and economic activity. Moreover, successful SME
creation helps develop and sustain an independent national middle
class. An independent, creative and proactive middle class is a
prerequisite for responsible democratization because successful
entrepreneurs identify with a national collective interest to identify
with.
The Middle East is today at the center of global economic change.
Regional governments, even oil producing ones, are increasingly
unable to act as the single engine of growth in their respective
economies. Thus, there is a requirement to transition from public
sector dominated economies towards economies which are increasingly
represented by private sector involvement, exports, innovation and
growth.
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