UNIDO - COVID-19 pandemic: threats to SMEs in poorest nations require swift policy action

22 June 2021 |

Despite the overwhelming dominance of services in the world economy, the manufacturing sector continues to punch above its weight. It remains a main driver of the productivity growth needed to spur technological change and innovation, essential for both job creation and well-being. This is especially true for developing countries, making industrialization a crucial part of efforts to achieve the Sustainable Development Goals (SDGs).

We should therefore be concerned about signs emerging in the world’s poorest countries. Data sets are scarce, but there is evidence to suggest that the COVID-19 pandemic has had a severe impact on small and medium-sized enterprises (SMEs) and on the informal sector in least developed countries (LDCs). Without swift action from governments and the international community to get key industrial sectors back on track, a protracted downturn may be on the cards, with knock-on effects on development and efforts to cut poverty.

Read more at the link below.

MORE INFO

ENTERPRISE GREECE
profile icon

Company Profile

READ MORE
dioikitiko simvoulio icon

Board of Directors

READ MORE
diktio sinergaton icon

Stakeholder Network

READ MORE
epikoinonia icon

Contact us

READ MORE

LOGIN