Making the case for high growth enterprises

Abstract

This chapter documents the role of high growth enterprises in terms of employment, wealth creation and innovation. It draws upon studies in OECD and some emerging economies, as well as from the MENA region. It notes the importance of enterprise births and deaths for job creation, loss and overall economic dynamism. The chapter includes analysis of the increasing importance of innovation from new and small firms. It further provides a characterisation of low growth and necessity-driven firms as well as high growth, innovative and opportunity-driven enterprises.