Impact of Financial Inclusion on SME Growth: A Bibliometric Analysis of OIC and Non-OIC Countries

Financial inclusion (FI) is perceived as an imperative tool for reducing poverty and stimulating economic growth. In particular, FI provides access to capital and financial services to small and medium-sized enterprises (SMEs) and enables them to manage their finances, mitigate risks, expand operations, facilitate innovation, and drive job creation. SMEs are considered the backbone of an economy regardless of the level of development of that economy. However, their potential is not fully tapped yet and is hindered due to several constraints. Among its constraints, the unavailability of financial resources is considered a major barrier to SME growth. The International Finance Corporation (IFC) evidenced that 40% of formal SMEs in emerging economies suffer from unmet yearly financial needs of USD 5.2 trillion. Despite all the advantages of FI, it is argued that FI is contingent upon various factors such as structural and policy-related factors and cannot be achieved in isolation. The effectiveness of FI requires collective effort. On the other hand, information and communication technology (ICT) is considered a key enabler of FI. The existing literature has been debated the relationship between FI and SME growth; nonetheless, a lack of consensus exists for the role of FI in SMEs' performance and/or growth. It is also evidenced that the level of FI varies among countries as well as within a country. Therefore, this chapter reviews the academic literature on FI in SMEs by employing bibliometric analysis methods. A total of 62 publications related to FI in SMEs between 2206 and 2024 were identified from a widely recognised Scopus online database. Using VOSviewer software, the analysis established how research has evolved in this area. The authors identified main current themes, emerging trends, and gaps for future research directions

‘Transformation Triangle’ for SME Productivity and Growth

In the aftermath of the Covid-19 pandemic and Brexit, there is an increased urgency to focus on how we can help SMEs to address the crucial issues of productivity and growth against a growing economic trajectory of soaring energy prices, supply chain problems, labour/skill shortages, and increasing inflation and interest rates. To date, most of the empirical research has focused on factors that enable or hinder SME growth. While there is a robust evidence base, studies do not particularly bridge the gap between this evidence base and its practical use through applied frameworks. This link is important not only to support managerial decision-making but more importantly for policymaking. Based on the findings from our research on SME growth processes, this report generates a framework that addresses possible interventions to overcome the SME drag effect. The framework focuses on the transformational effect of the identified three key areas, namely mindset transformation, strategy transformation and digital transformation. The interdependent but dynamic relationships between these three areas are framed through what we call a ‘Transformation Triangle’ to achieve and sustain SME productivity and growth

A922 Sequential measurement of 1 hour creatinine clearance (1-CRCL) in critically ill patients at risk of acute kidney injury (AKI)

Meeting abstrac

Productive Development Policies in Latin American Countries: The Case of Peru, 1990-2007

This paper assesses the institutional setting and productive impact of selected productive development policies (PDPs), institutions, and programs implemented in Peru during the period 1990-2007. The assessment is based on a simple, basic framework of a series of economic or market failures that may have constrained the transformation of the productive structure, the process of innovation, and the growth of total factor productivity. Evidence indicates that the PDPs and structural reforms implemented in Peru did not significantly alter the productive structure of the Peruvian economy. If the objectives of the PDPs are to transform the productive structure, increase total factor productivity, and enhance innovation, government interventions need to focus directly on the source of market failures and create quality productive changes within the private sector

‘Transformation Triangle’ for SME Productivity and Growth

In the aftermath of the Covid-19 pandemic and Brexit, there is an increased urgency to focus on how we can help SMEs to address the crucial issues of productivity and growth against a growing economic trajectory of soaring energy prices, supply chain problems, labour/skill shortages, and increasing inflation and interest rates. To date, most of the empirical research has focused on factors that enable or hinder SME growth. While there is a robust evidence base, studies do not particularly bridge the gap between this evidence base and its practical use through applied frameworks. This link is important not only to support managerial decision-making but more importantly for policymaking. Based on the findings from our research on SME growth processes, this report generates a framework that addresses possible interventions to overcome the SME drag effect. The framework focuses on the transformational effect of the identified three key areas, namely mindset transformation, strategy transformation and digital transformation. The interdependent but dynamic relationships between these three areas are framed through what we call a ‘Transformation Triangle’ to achieve and sustain SME productivity and growth