Abstract
The small-business sector faces a persistent dilemma: small firms often lack the human skills and financial resources to modernize and compete. How, then, can small firms overcome collective action problems to forge sector-wide modernization? This paper examines the political dynamics and the process of institutional change that underpin successful industrial upgrading through a comparative, longitudinal analysis of two policy experiments aiming at the modernization of small firm sectors in Portugal. Relying on comparative-historical analysis and process tracing, this study shows that successful industrial upgrading relies on intense and sustained political action, led by strong and stable interest leadership, in the pursuit of well-defined developmental benchmarks, and relying on the implementation of political, organizational and financial strategy according to a specific logic and sequence.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.