Latin American Economy & Business - May 2014 (ISSN 1741-7430)

Small enterprises are often believed to play a very positive role in developing (and developed) economies: they are associated with innovation, flexibility and the ability to seize new opportunities in a way that ponderous, process-bound large organisations cannot. So it is perhaps surprising to hear that one of the conclusions of a 2013 report by the Development Bank of Latin America (CAF), is that Latin America has too many small businesses.