Model for the Promotion of Micro, Small and Medium-Sized Enterprises

This paper presents the difficulties of the formalization process of micro and small enterprises, addressing in context the problem of formalization and its counterpart, informality. This is followed by a theoretical development where the concepts and their implications for the economy are analyzed, and on these ideas show their importance for the economic development of the countries. A series of proposals will be made in order to improve formalization processes. A model will be proposed to help advisors, pro-entrepreneurship offices and key actors to understand how best to operate through a critical analysis of the measures promoted by governments to improve the process.