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ENHANCING THE CONTRIBUTIONS OF SMEs IN A GLOBAL …
Meeting of the OECD Councilat Ministerial LevelParis, 7-8 June 2017 ENHANCING THE CONTRIBUTIONS OF SMEs IN A GLOBAL AND DIGITALISED ECONOMYE nhancing the CONTRIBUTIONS of SMEs in a GLOBAL and Digitalised Economy 2 TABLE OF CONTENTS 1. SMEs are essential for delivering more inclusive globalisation and growth .. 5 2. SMEs make diverse CONTRIBUTIONS to economic and social well-being, which could be further enhanced .. 6 SMEs play a key role in national economies around the world, generating employment and value added and contributing to innovation. SMEs are central to the efforts to achieve environmental sustainability and more inclusive growth. However, these CONTRIBUTIONS vary widely across firms and across countries and sectors. Better access to GLOBAL markets and knowledge networks can strengthen SMEs CONTRIBUTIONS , but trade and investment barriers undermine SME participation, and poor physical and ICT infrastructure prevents SMEs from operating efficiently and accessing international markets at competitive costs.
manifesting itself in the form of a backlash against globalisation and technological change. Against this backdrop, there is a need to create the conditions that enable the benefits of open markets and technological progress to be enhanced and shared more broadly across the economy and society. 3.
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