1945

Introduction

The current global economic and financial crisis is not conducive to the business development of small firms, especially those with international markets. Millions of these enterprises, considered the backbone of an economy, have collapsed. Small and medium-sized enterprises (SMEs) in developing countries have been hardest hit, with export markets cut by an average of 40%–50% and resulting increases in unemployment and poverty.

Related Subject(s): International Trade and Finance
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