Strengthening SMEs and Entrepreneurship for Productivity and Inclusive Growth

OECD 2018 Ministerial Conference on SMEs

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SMEs that grow have a considerable positive impact on employment creation, innovation, productivity growth and competitiveness. Digital technologies and global value chains offer new opportunities for SMEs to participate in the global economy, innovate and strengthen productivity. Yet 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 cross-cutting approach to SME policy can enhance SME innovation and scale-up, as well as their contributions to inclusive growth. This includes a business environment conducive to risk-taking and experimentation by entrepreneurs, as well as access to entrepreneurship competencies, management and workforce skills, technology, innovation, and networks.




On 22-23 February 2018, the OECD organised the third OECD SME Ministerial Conference on “Strengthening SMEs and Entrepreneurship for Productivity and Inclusive Growth”, hosted by the Mexican Ministry of Economy in Mexico City, Mexico. The event gathered over 300 participants, including Ministers, Vice Ministers, senior policy makers and high-level representatives from 55 OECD Member and Non-Member countries, the European Union and 12 international organisations. The conference was chaired by Ildefonso Guajardo Villarreal, Minister of Economy of Mexico. The Vice Chairs were Marie-Gabrielle Ineichen-Fleisch, State Secretary for Economic Affairs, Education and Research of Switzerland, Stuart Nash, Minister for Small Business of New Zealand, and Hasan Ali Çelik, Vice-Minister of Science, Industry and Technology of Turkey.


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