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What is Understanding Micro and Small Enterprises in Peru about?

Micro and Small Enterprises (MSEs) in Peru are essential for economic development, representing 95.9% of national establishments and contributing approximately 45% to the GDP. The government promotes MSEs through various laws and policies aimed at fostering their growth, formalization, and competitiveness while providing training and financial support. MSEs face challenges such as high costs of formalization and bureaucratic obstacles, leading many to operate informally despite their significant role in job

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