Why we shouldn’t overlook the impact of SMEs on local and global economies

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The contribution that small and medium-sized enterprises (SMEs) make in driving positive social, environmental and economic change is often ignored. Yet, these businesses play significant roles in shaping the growth, innovation and sustainability of our local, regional and global economies.

Evidence proves that SMEs contribute more than their fair share to their nation’s wealth. SMEs represent roughly 90% of all firms and are responsible for 50% of employment worldwide, as well as up to 40% of GDP in emerging markets, according to The World Bank.

+INFO: World Economic Forum

IMAGES FROM World Economic Forum

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