A preliminary review of policy responses to enhance SME access to trade financing in the Caribbean

The economies of the Caribbean face several challenges, such as a lack of economies of scale in production of goods and services exacerbated by small populations, narrow internal markets and scarce capital, which limit the economic gains from self-sufficiency. For this reason, more emphasis should b...

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Autores principales:	McLean, Sheldon, Charles, Don
Formato:	Texto
Lenguaje:	English
Publicado:	ECLAC 2020
Materias:	PEQUEÑAS EMPRESAS EMPRESAS MEDIANAS FINANCIAMIENTO DE EMPRESAS COMERCIO INTERNACIONAL FACILITACION DEL COMERCIO INSTITUCIONES FINANCIERAS SMALL ENTERPRISES MEDIUM ENTERPRISES BUSINESS FINANCING INTERNATIONAL TRADE TRADE FACILITATION FINANCIAL INSTITUTIONS
Acceso en línea:	http://hdl.handle.net/11362/45101
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spelling	oai-11362-451012020-11-16T13:27:32Z A preliminary review of policy responses to enhance SME access to trade financing in the Caribbean McLean, Sheldon Charles, Don PEQUEÑAS EMPRESAS EMPRESAS MEDIANAS FINANCIAMIENTO DE EMPRESAS COMERCIO INTERNACIONAL FACILITACION DEL COMERCIO INSTITUCIONES FINANCIERAS SMALL ENTERPRISES MEDIUM ENTERPRISES BUSINESS FINANCING INTERNATIONAL TRADE TRADE FACILITATION FINANCIAL INSTITUTIONS The economies of the Caribbean face several challenges, such as a lack of economies of scale in production of goods and services exacerbated by small populations, narrow internal markets and scarce capital, which limit the economic gains from self-sufficiency. For this reason, more emphasis should be placed on building export capacity and facilitating trade. If we examine the characteristics of firms in the subregion, the majority can be categorized as small and medium-sized enterprises (SMEs). Moreover, only about 13 per cent of these SMEs export. This suggests that on average the subregion is not utilising its potential to generate gains from international trade. Access to finance is a key factor that hinders the subregion’s small businesses from developing their export capacity. Given the importance of business finance, this study explores the factors that limit the subregion’s entrepreneurs from accessing finance and makes policy recommendations to address this challenge. Abstract .-- Introduction .-- I. Characteristics of the SMEs in the Caribbean .-- II. Overview of the financial sector and financial institutions in the Caribbean .-- III. Rigidity in finance for the Caribbean SMEs .-- IV. Financing options for SMEs in Trinidad and Tobago, Barbados, Jamaica, and the Eastern Caribbean .-- V. A consideration of policy prescriptions to enhance SME access to trade finance .-- VI. The way forward. 2020-01-29T16:08:51Z 2020-01-29T16:08:51Z 2020-01-28 Texto Documento Completo http://hdl.handle.net/11362/45101 LC/CAR/TS.2019/11 LC/TS.2020/4 en Studies and Perspectives Series – The Caribbean 88 .pdf application/pdf CARIBE CARIBBEAN REGION ECLAC
institution	Cepal
collection	Cepal
language	English
topic	PEQUEÑAS EMPRESAS EMPRESAS MEDIANAS FINANCIAMIENTO DE EMPRESAS COMERCIO INTERNACIONAL FACILITACION DEL COMERCIO INSTITUCIONES FINANCIERAS SMALL ENTERPRISES MEDIUM ENTERPRISES BUSINESS FINANCING INTERNATIONAL TRADE TRADE FACILITATION FINANCIAL INSTITUTIONS
spellingShingle	PEQUEÑAS EMPRESAS EMPRESAS MEDIANAS FINANCIAMIENTO DE EMPRESAS COMERCIO INTERNACIONAL FACILITACION DEL COMERCIO INSTITUCIONES FINANCIERAS SMALL ENTERPRISES MEDIUM ENTERPRISES BUSINESS FINANCING INTERNATIONAL TRADE TRADE FACILITATION FINANCIAL INSTITUTIONS McLean, Sheldon Charles, Don A preliminary review of policy responses to enhance SME access to trade financing in the Caribbean
description	The economies of the Caribbean face several challenges, such as a lack of economies of scale in production of goods and services exacerbated by small populations, narrow internal markets and scarce capital, which limit the economic gains from self-sufficiency. For this reason, more emphasis should be placed on building export capacity and facilitating trade. If we examine the characteristics of firms in the subregion, the majority can be categorized as small and medium-sized enterprises (SMEs). Moreover, only about 13 per cent of these SMEs export. This suggests that on average the subregion is not utilising its potential to generate gains from international trade. Access to finance is a key factor that hinders the subregion’s small businesses from developing their export capacity. Given the importance of business finance, this study explores the factors that limit the subregion’s entrepreneurs from accessing finance and makes policy recommendations to address this challenge.
format	Texto
author	McLean, Sheldon Charles, Don
author_facet	McLean, Sheldon Charles, Don
author_sort	McLean, Sheldon
title	A preliminary review of policy responses to enhance SME access to trade financing in the Caribbean
title_short	A preliminary review of policy responses to enhance SME access to trade financing in the Caribbean
title_full	A preliminary review of policy responses to enhance SME access to trade financing in the Caribbean
title_fullStr	A preliminary review of policy responses to enhance SME access to trade financing in the Caribbean
title_full_unstemmed	A preliminary review of policy responses to enhance SME access to trade financing in the Caribbean
title_sort	preliminary review of policy responses to enhance sme access to trade financing in the caribbean
publisher	ECLAC
publishDate	2020
url	http://hdl.handle.net/11362/45101
work_keys_str_mv	AT mcleansheldon apreliminaryreviewofpolicyresponsestoenhancesmeaccesstotradefinancinginthecaribbean AT charlesdon apreliminaryreviewofpolicyresponsestoenhancesmeaccesstotradefinancinginthecaribbean AT mcleansheldon preliminaryreviewofpolicyresponsestoenhancesmeaccesstotradefinancinginthecaribbean AT charlesdon preliminaryreviewofpolicyresponsestoenhancesmeaccesstotradefinancinginthecaribbean
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A preliminary review of policy responses to enhance SME access to trade financing in the Caribbean

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