Small is not Necessarily Beautiful: An Evaluation of Policy Support for Small and Medium-sized Enterprises in Australia

One of the key strategies of the current Commonwealth government in Australia is to promote a dynamic entrepreneurial culture by improving the business environment for small and medium-sized enterprises (SMEs). This paper evaluates the contribution of SMEs to innovation and employment in Australia and reviews the international evidence on the value of SMEs. It concludes that a very small percentage of SMEs are responsible for most of the employment generation and innovation in the small-firm sector. The policy implication is that general deregulatory measures designed to support SMEs as a generic class are likely to create an environment within which low-quality, low-wage employment is generated in SMEs with little future. Instead, the sectoral composition of industrial activity and the social structures and relationships within which firms are embedded require greater policy attention.     

A new Late Famennian lungfish from New South Wales,Australia, and its bearing on Australian-Asian terrane relations

A new genus and species of lungfish with toothplates, Adelargo schultzei, is described from the Hunter Siltstone (Devonian, Late Famennian) near Grenfell, New South Wales. Materials assigned to Adelargo schultzei gen. et sp. nov., include a portion of the left side of the skull comprising B, I (postparietal) and J (parietal) bones, pterygoid and prearticular toothplates, a parasphenoid with a long posterior stalk, vertebrae, ribs, anal fin supports and scales. Toothplates are similar to Dipterus, although morphology of the skull, parasphenoid and postcranial elements is more derived. Biogeographic relationships of the Grenfell fauna were based on the presence of the antiarch group Sinolepidoidei, also present on Asian terranes during the Late Devonian. A small number of lungfish scales have been described from Asian sinolepid localities of this age, but differ from those of Adelargo schultzei, and other faunal similarities between these areas appear limited. Paucity of eastern Australian Devonian taxa on the North and South China blocks implies that strong biogeographic relationships between eastern Australia and Euramerican localities during the Late Devonian were not the result of Asian migration routes, but the closer proximity of these areas.     

Desert Victory: The War for Kuwait: Norman Friedman

Book reviewed in this article: The Scourging of Iraq: Sanctions, Law and Natural Justice, 2nd ed: Geoff Simons