Law and Development: An Analysis of the Current Situation and Future Prospects of Small and Medium Enterprises in Algeria

Abstract

Due to the recent economic transformation witnessed globally, many countries have changed their policies and shifted towards supporting small and medium-sized enterprises (SMEs), recognizing their importance. The success of certain experiences in this regard demonstrates the effectiveness of this type of institution in boosting the economy. Like other countries, Algeria has focused on the SME sector, especially after the oil crisis, and has worked on strengthening and developing it through several measures and mechanisms. This shows the considerable efforts of the Algerian legislator, who has issued many laws and regulations to support SMEs in terms of organization and effective operation, as well as addressing the challenges and obstacles they face, aiming to establish a sector with a strong and organized infrastructure.