The global outlook has changed dramatically for entrepreneurs, start-ups, Micro-, Small and
Medium-sized Enterprises (MSMEs) worldwide. They now are the central economic topic for
many governments around the world.
Governments are moving rapidly to shore up support for entrepreneurs, start-ups, and MSMEs through new initiatives. Policies are being formulated to help integrate entrepreneurs and MSMEs in the economic formula and to help equip them for the global integrated economy.
Yet, direct challenges from many fronts are increasing for entrepreneurs and MSMEs. These challenges include disruption by artificial intelligence, lack of skilled workers, and retail and service consolidation. The balance between the country’s economic well-being and social integration continues to widen as evident by the lack of inclusiveness of many groups within the economy. The Sustainable Development Goals (SDGs) are intended to both identify and kick-start much needed action on issues and in areas that are essential to the very future of both our planet and people. Considering that the SDGs effectively cover every human activity and habitat across the world, the role of MSMEs in achieving these goals needs to be further articulated and enhanced.
The launch of the successful MSMEs International Day was a powerful reinforcement of their global impact. However, divergent initiatives, programs, messages, and policies fragment the potential for a global movement led by MSMEs. This forum will lay the foundation for a common global narrative on how MSMEs can make their major impact in leading and achieving the SDGs.