While many studies explain the correlation between firm-level productivity and export status entirely by better firms self-selecting into exporting, a few studies find evidence of reverse causation. Especially in developing or ransition economies, exporters seem to improve performance after they...

Based on a cross-country comparison of dynamic new firms, this paper attempts to characterize Latin American middle-class entrepreneurs and their firms. In general, Latin American middle-class entrepreneurs tend to face more difficult conditions in terms of resources and skills acquisition than...

En esta edición de Microempresa se presentan dos artículos principales. En el primero, se examina por qué siendo las instituciones microfinancieras (IMF) una oportunidad atractiva para los inversores privados, son tan pocos los inversores financieros y sociales privados que proveen fondos a...

This issue of MicroEnterprise Americas explores the various issues and challenges of extending economic opportunities to all. The Special Section of the magazine focuses on access to markets, which most microenterprises characterize as the single most important challenge they face after access...

This issue of MicroEnterprise Americas features a series of articles including topics such as how communication and information technology is fostering growth in the microcredit industry; the role of the State as governments are responding to persistent high rates of unemployment and lack of...

This Country Program Evaluation (RE-380-1) covers the period 2006 to 2010. The document is organized in chapters as follows: Program Context; The Program with the Bank; Country Program Results; Delivery of the Program; Main Risks for the New Program; and Conclusions and Recommendations....

The objectives of the evaluation are to assess Opportunities for the Majority (OMJ)'s relevance vis-à-vis its mandate, its effectiveness in achieving development goals, its efficiency in delivering products, and the sustainability of both projects and the "business model" supported by the...

With new ties linking microfinance to capital markets, this edition of MicroEnterprise Americas describes new experiences with bonds that sector institutions have issued, as well as investment funds that have been established to focus solely on microfinance. Both serve to illustrate the...

A MicroEmpresa Américas dedicou sua Seção Especial deste número à moradia e às instituições que utilizam seus recursos para oferecer soluções criativas de modo a possibilitar que os pobres consigam ter a casa própria. Os artigos apresentam facetas do microfinanciamento para o setor...