2018 OECD Ministerial Conference on SMEs

SMEs are key to strengthening productivity, delivering more inclusive growth and adapting to the major transformations of our time. SMEs that grow have a considerable positive impact on employment creation, innovation, productivity growth and competitiveness. While the population of SMEs is very div...

Full description

Saved in:
Bibliographic Details
Published inOECD SME and Entrepreneurship Papers
Main Authors Cusmano, Lucia, Koreen, Miriam, Pissareva, Lora
Format Journal Article
LanguageEnglish
Published Paris Organisation for Economic Cooperation and Development (OECD) 22.02.2018
Subjects
Employment
Entrepreneurs
Entrepreneurship
Global economy
Innovations
Productivity
Small & medium sized enterprises-SME
Online AccessGet full text

Cover

More Information
Summary:SMEs are key to strengthening productivity, delivering more inclusive growth and adapting to the major transformations of our time. SMEs that grow have a considerable positive impact on employment creation, innovation, productivity growth and competitiveness. While the population of SMEs is very diverse, innovation and scale-up are at the reach of many SMEs. Digital technologies and global value chains offer new opportunities for SMEs to participate in the global economy, innovate and grow. However, SMEs are lagging behind in the digital transition and are disproportionately affected by market failures, trade barriers, policy inefficiencies and the quality of institutions. A conducive business environment, is essential to incentivise risk-taking and experimentation by entrepreneurs, and foster business growth potential. Access to entrepreneurship competencies, management and workforce skills, technology, innovation, and networks, is also critical to enable SME growth. A cross-cutting approach to SME policy can enhance SME contributions to inclusive growth.
ISSN:2616-4353
DOI:10.1787/90c8823c-en