Micro and small enterprises (MSEs) have been recognised as a major contemporary source of employment and income in a growing number of developing countries. Yet, relatively little is known about the characteristics and patterns of change in these enterprises. Ths volume examines the dynamics of MSEs in the development process. Drawing on a unique set of surveys conducted in twelve countries in Africa and Latin America the authors map the patterns of change in MSEs in the developing world. Subjects covered include: * significance of new start and closure rates of MSes * factors involved in expansion rates and growth patterns of MSEs * the role of gender in MSEs revolution Small Enterprises and Economic Development also develops a four-fold characterisation of MSEs, from which follows an original reflection in the problems faced by and the diverse needs of MSEs. The authors conclude by drawing important lessons for donors and implementing agencies, based on the need to tailor policy to the varying contributions to development and needs of different MSEs. Reader-friendly in its presentation of a multitude of real-life examples and insightful in its suggestions for improving development assistance efforts, this volume will be welcome by students and researchers in development economies and studies, as well as all interested policy-makers.