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SME development in Oman: Case of the Missing Middle

SME development in Oman: Case of the Missing Middle

Research shows that small and medium enterprises (SMEs) contribute over 50 per cent of GDP in high income countries whereas, contrary to common expectation, the contribution is much lower in Middle and Low Income nations; Prof Lant Pritchett of Harvard calls this gap the missing middle. In Oman, much has been done to develop the sector, yet its contribution to GDP stands at 13-14 per cent.

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