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The link between SME performance, growth and development is well established; however, the characteristics of SMEs that allow firms to be successful in the long run in an underdeveloped country context, i.e. Pakistan, are still unclear. This paper aims to bridge this gap by identifying the SMEs’ characteristics that set them apart from their rivals and become successful.

This study uses Storey’s development framework to identify the SMEs’ characteristics. Data is gathered using the case study method from SMEs with a metropolitan context in Pakistan. A narrative methodological framework was used during the data gathering and analysing stages.

Findings of this study indicate that the prosperity of SMEs in Pakistan is dependent on a combination of characteristics, including entrepreneurial characteristics of owner–managers, knowledge of business operating models, social networks and relationship building and innovation in business style. Additionally, other factors such as governance structure, strategic planning of market diversification and export characteristics also influence the prosperity of an SME. These findings may have several important implications for key stakeholders, including entrepreneurs, SMEs and policymakers in the government.

This research provides evidence about factors that can help an SME to become successful in uncertain situations surrounding a business environment. Theoretically, the contribution of this research is that it demonstrates that entrepreneurial characteristics and the effective leadership style of owner–managers can help SMEs achieve prosperity in external unforeseeable situations.

In human history, poverty for most and prosperity for few is the norm. Thus, no theory or practice of common prosperity has been developed. Marxism first formulated the theory of common prosperity, and the classical Marxist authors conducted theoretical exploration on the issue of common prosperity, forming a series of scientific conclusions.

The century-long practical history of the Communist Party of China (CPC) is the great practice of leading the Chinese people in getting rid of poverty, letting some people and regions get rich first and ultimately achieving the goal of common prosperity.

Common prosperity is the great practice of the CPC that leads all Chinese people in building a modern socialist country in an all-round way in the new era.

The path of common prosperity with Chinese characteristics will certainly arise in the process of the great practice of common prosperity with Chinese characteristics. Based on the anti-poverty theory and the “spirit of poverty alleviation” from the battle against poverty with Chinese characteristics, the theory of common prosperity and its spirit with Chinese characteristics will certainly be formed. The above conclusions constitute the basic principles of the theory of common prosperity with Chinese characteristics.

As the essential requirement of socialism with Chinese characteristics, common prosperity stands for both the goal of and the approach to economic growth. Shared development is a new stage of the process of common prosperity. From the perspective of economic growth, it requires the low- and middle-income groups to gain more from the growth than high-income groups. The paper aims to discuss these issues.

Based on provincial panel data, the random effect model and the dynamic panel model are used in this paper to analyze the path to achieve pro-poor growth.

The keys to achieve pro-poor growth are first to promote new urbanization with people at the center, diversify the forms of employment and improve the income structure of the residents, and second to improve the accuracy in designing redistribution policies.

After the realization of “some get rich first” policy, it is important to swiftly adapt to a new mindset of shared development, which charters a new course to the Marxist common prosperity. There exist few established economic theories or action plans with respect to shared development. Pro-poor growth, however, offers a perspective to achieve both sharing and development.

As an essential part of mainstream Western development economics, the trickle-down theory originates from the behavioral choices and iterations of thought on conflicts of interest in the evolution of remuneration structure in Western countries. The fundamental flaw of the logic of this theory is that it conceals the inherent implication of social systems and the essential characteristics of social structures.

This paper examines the relationships among economic growth, income distribution and poverty from the perspective of social relations of production – the nature of production relations determines the nature of distribution relations and further determines the essence of trickle-down development, and ownership is the core mechanism for realizing the trickle-down effect.

The stagnation or smoothness of the trickle-down effect in different economies is essentially subject to the logic of “development for whom”, which is determined by ownership relationship.

To be more specific, “development for capitalists” and “development for the people” indicate two distinctly different economic growth paths. The former starts with private ownership and follows a bottom-up negative trickle-down path that inevitably leads to polarization, while the latter starts with public ownership and follows a top-down positive trickle-down path that will lead to common prosperity in the end.

Diffusion levels of broadband internet access vary across triad countries and emerging markets alike. Major industrialised nations face criticism for allegedly “lagging behind” in broadband development. This study aims to highlight drivers of broadband take‐up that help explain and properly evaluate the diffusion situation of a country.

The study investigates worldwide broadband internet access take‐up in terms of fixed and mobile broadband penetration and broadband launch lead time by drawing on a wide range of variables of which some have not been examined in previous studies (e.g. home office workers, service sector activities or local call prices).

Results show that broadband internet take‐up significantly benefits from economic prosperity and computer penetration. Moreover, general regulatory quality has a significant influence. The effect of other regulatory and market environment variables is declining over time with associations becoming insignificant in 2009 data.

Further research based on findings and limitations of the present study should incorporate quality of broadband, more accurate/differentiated measurement of broadband, conditionality, moderating effects, non‐linearity, as well as broadband implications for economic development.

This study covers a broad set of indicators and includes time lags in multivariate analysis to generate a holistic picture of broadband development drivers and their relevance over time.

This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies.

This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context.

This paper identified the different characteristics that can help SMEs, within an underdeveloped country context.

The briefing saves busy executives, strategists and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.

Australia is at a watershed in her economic history. The prosperity characteristic of the post‐war era has vanished. In 1994 the Australian economy is just beginning to emerge from a recession which has been likened by many commentators to the Great Depression. Australia is caught in midstream with a poorly structured manufacturing sector, high levels of long‐term unemployment and external debt. Pressures on the manufacturing sector are evidenced by the impact of the Button Plan on automotive manufacturing as well as the footwear, clothing and textiles sector. Manufacturing does not appear to be viable without massive restructuring. Industry training and the development of a new workplace culture are seen as integral to this task. Highlights aspects of Australia′s post‐war economic history and the changing character of the labour market. Advocates a movement away from traditional forms of work organization and narrowly defined occupational classifications. Proposes that educators and training professionals must develop and apply a training philosophy, focused on developing a workforce with a sound basic education together with more broadly based and flexible work skills.

Juglar's entry on “commercial crises” appeared in Maurice Block's Dictionnaire général de la politique … avec la collaboration d’hommes d’État, de publicistes et d’écrivains de tous les pays.⁶ The dictionary went through two editions – in 1863 and 1873 (with a reprint of the second edition in 1884). One of the most remarkable features of these articles is that they sum up the 258 pages of the first edition of Juglar's Des crises commerciales in only 13 pages. Although they are not numerous, the changes that Juglar introduced in the second edition are important, as they testify to the work he did in that decade on banking and foreign exchanges.