Connecting Developing Country SMEs to Global Value Chains.
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This ITC-WTO report explores constraints faced by exporting MSMEs in 23 least developed countries, and how Aid for Trade initiatives address these challenges for MSMEs. Find out more
As we steer our ship into a new development course in a changing world, the importance of Micro, Small, and Medium Enterprises (MSMEs) and the circular economy is crystal clear. MSMEs, which account for 90% of businesses, more than 70% of employment, and 50% of GDP worldwide, remain the core of the economy for most societies. A human-centered approach is central to the evolving 'circular economy,' emphasizing the importance of individuals and communities in driving sustainable transformation. Considering people's well-being and prioritizing inclusive participation ensures that new systems align and contextualize local culture and personal/institutional needs. 2024 Event in Geneva 27 June 2024 ILO Governing body room (morning) Palais des Nations, room XVII (afternoon) 10:00 - 18:00 CEST. Related documents: Concept Note for Geneva event . Programme for Geneva event . LIVESTREAM Watch the morning session at the ILO (10:00-13:00 CET) . Watch the afternoon session at the UN (1...
MSMEs account for 90% of businesses, 60 to 70% of employment and 50% of GDP worldwide . As the backbone of societies everywhere they contribute to local and national economies and to sustaining livelihoods, in particular among the working poor, women, youth, and groups in vulnerable situations. MSMEs hold the potential to transform economies , foster job creation , and promote equitable economic growth if given adequate support . The MSME Day event aims to highlight their pivotal role and explore opportunities for their further advancement.
The International Council for Small Business (ICSB) , at the forefront of global entrepreneurship research and practice, proudly unveils its yearly Top Ten Trends for 2024 for MSMEs . These trends encapsulate enduring principles and groundbreaking concepts defining the coming year’s business environment.
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