December 03, 2012 | Contribution by
JOHN VAN REENEN John Van Reenen is a Professor of Economics and Director Centre for Economic Performance at the London School of Economics
<iframe src="https://cdns.snacktools.net/tubesnack/embed_https.html?hash=tzu3wmpx&wmode=window&bgcolor=FFFFFF&t=1392068371" width="500" height="535" seamless="seamless" scrolling="no" frameborder="0" allowtransparency="true"></iframe>
Building hospital gurneys at the Tautmann factory in Turkey Photo: Simone D. McCourtie / World Bank
As policy makers in developed and developing countries alike search for ways to boost productivity, create more and better jobs, increase wages, and lower poverty, they are increasingly focusing on stimulating innovation and entrepreneurship. How can this be done? We asked an expert on this topic – John Van Reenen, Director of the Centre for Economic Performance and Professor of Economics, London School of Economics. In Part I of a two-part series, he stresses the need for creating the right environment for small and medium size enterprises to grow and flourish – such as sound institutions, healthy competition, good access to finance, flexible labor markets, and foreign direct investment.