The large role micro, small and medium-sized enterprises play in the world
As the global economy struggles to emerge from the hardships of a lengthy pandemic and ongoing conflict, hopes for recovery will rest largely on the resilience of micro, small-and-medium-sized enterprises (MSMEs). Fast-growing SMEs in particular are the biggest job creators – they tend to use more labor-intensive processes compared to larger enterprises, which encourages employment and can lead to more equitable income distribution.
