Equality Benefits of Social Market Economies (SMEs): SMEs Creating Lower Inequality/Poverty, Thereby Generating Higher Economic Growth (than Liberal Market Economies)

• In Event: Political Economy in Europe

Brief Overview

The paper examines the effects of SMEs on inequality and poverty and on economic growth. The findings are that SMEs produce lower poverty, and lower poverty increases GDP growth. SMEs also directly increase GDP growth.

Author

• Takayuki Sakamoto, Meiji Gakuin University