Financial inclusion for MSMEs and women’s economic empowerment

Financial inclusion for MSMEs and women’s economic empowerment

Financial inclusion for MSMEs and women’s economic empowerment

Monday, June, 29, 2020

Financial inclusion for MSMEs and women’s economic empowerment

Monday, June, 29, 2020

Great opportunities in access to finance for MSMEs and the empowerment of women entrepreneurs

The importance of micro-, small, and medium-sized enterprises (MSMEs) in national economies is well known, as well as is their global impact, since, by number, they dominate the world business stage. But notwithstanding the wide acknowledgment of MSMEs’importance to national economies, they still face difficulties that need to be addressed, such as informality, low productivity, and limited access to finance. When Argentina, with the support of the International Council for Small Business (ICSB), decided in 2017 to present a resolution to the General Assembly of the United Nations establishing June 27 as MSMEs Day, the idea behind it was to showcase the importance of these enterprises in the achievement of the 2030 Agenda for Sustainable Development and raise awareness about the difficulties these enterprises face.

In this context, it is important to highlight two main aspects that are frequently interlinked. The first one is access to finance and financial inclusion. The second one is the empowerment of women (Read more…).

Restructuring for Resilience: Europe Post COVID-19

Restructuring for Resilience: Europe Post COVID-19

Restructuring for Resilience: Europe Post COVID-19

Monday, June, 15, 2020

Restructuring for Resilience: Europe Post COVID-19

Monday, June, 15, 2020

How can Europe Restructure to overcome COVID-19?

As the peak day approaches on April 19th, Europe begins to look past the immediate health demands to find that the small and medium enterprises (SMEs) that compose their societies are struggling. The continental balance now interacts between the safeguard of the healthcare system and that of the rest of society. Therefore, despite Europe’s push for globalization, the menace of COVID-19 returns each nation to reflect on what is best for their country critically. This has become a moment to rethink our embedded ideals of globalization and sustainability, as well as the values of society and the role of the state within the economy and social life. Europe, being a system of social economy, the group of nation-states, finds itself as the embodiment of responsibility. As a result, personal freedom and human rights, which are typically both guaranteed, suddenly feel at odds. As many changes were demanded in such a short period, we see and feel the support of a stable government that has acted with resilience. However, since the focus of the state is on the immediate physical needs of their nation, there remains an opportunity for change for entrepreneurship and innovation. Therefore, in this time of grief and confusion, we can find excitement and purpose.

Europe, as much of the global community, saw COVID-19 as a Chinese problem. With only the example of the Spanish Flu as a guide for expectations, the continent was shaken when within a couple of weeks, everything changed. Looking at current rates of the coronavirus per national habitats, we notice that China is no longer the hotspot of COVID-19, but rather, Europe is. The exponential development across the continent leads to only one solution: breaking this steep and continuously growing curve. As Europe prepares for its peak dates by creating and distributing more intensive care beds, employing more staff, and reorganizing resources, it seems the race remains against time (Read more…).

True Equitable Embodiment

True Equitable Embodiment

True Equitable Embodiment

Monday, June, 8, 2020

True Equitable Embodiment

Monday, June, 8, 2020

We are living through a revolution towards cohesion

As protesters line the streets of every major city, I can not help but hear the cry for a just and green economy. All over the world, people are looking at the old and stagnant economic system of the past and recognizing the absence of its place in this new normal. This new normal, instead, invites an economy generated by and for the people, and I see humane entrepreneurs as the leaders of this movement.

We are living through a revolution towards cohesion. If we want to set the groundwork for circular systems of growth that uplift the humanity in each individual involved while working to protect the planet, then we might just create a world in which representation, equity, and empathy come naturally to leaders and followers alike. Currently, we are in the preliminary stages of change (Read more…).

An Analysis and Comparison of the Brazilian and Canadian Economies

An Analysis and Comparison of the Brazilian and Canadian Economies

An Analysis and Comparison of the Brazilian and Canadian Economies

Monday, May, 25, 2020

An Analysis and Comparison of the Brazilian and Canadian Economies

Monday, May, 25, 2020

What are the differences between these economic policy roadmaps?

2019 saw both the introduction of new entrepreneurial polices in Brazil as well as the successful continuation of recently enacted reforms. For example, the country’s labour reform bills, effective since November 2017, have brought greater flexibility in employment contracts. Other policies have likewise been passed to make entrepreneurship easier, including approval of the provisional Measure of Economic Freedom, an act that includes policies such as the cessation of business licences for low-risk small business activities, in addition to the simplification of the national digital bookkeeping system for collecting taxes and social security obligations.

In the financial realm, the 2019 Empresa Simples de Crédito (ESC) act aims to increase access to finance for micro and small enterprises, while the Micro Empreendedor Individual (MEI) aims to formalize the microfinance system already adopted by 9.2 million micro entrepreneurs. Complementary to these policies, the Cadastro Positivo, effective July 2019, makes information on individuals’ defaults and payments easier to access for loan-granting organizations. This will improve trust and transparency among business owners (Read more…).

An Analysis and Comparison of the Armenian and Australian Economies

An Analysis and Comparison of the Armenian and Australian Economies

An Analysis and Comparison of the Armenian and Australian Economies

Monday, May, 18, 2020

An Analysis and Comparison of the Armenian and Australian Economies

Monday, May, 18, 2020

What are the differences between these economic policy roadmaps?

    Armenia implemented several reforms related to entrepreneurship during 2019. One key change was the adoption of a tax reform package, which will be enacted in January 2020. A major component of this tax reform is the doubling of the allowed turnover tax threshold — which will increase to a total of 115 million Armenian drams (AMD). Additionally, micro-businesses with an annual turnover of up to 24 million AMD are exempt from taxation starting in January 2020. Additionally, tax rates will transition from their current tiered system to a flat income tax rate of 23%, also effective January 1, 2020.

    Another key policy change, which was enacted following the Velvet Revolution of April–May 2019 that resulted in a new government regime, is the guaranteeing of equal market access for all people. This will create a more favourable business environment and is expected to boost overall economic activity in the country. (Read more…).

An Overview of Entrepreneurship

An Overview of Entrepreneurship

An Overview of Entrepreneurship

Monday, May, 11, 2020

An Overview of Entrepreneurship

Monday, May, 11, 2020

What are the impacts entrepreneurship has on the world?

 The 2019/20 GEM Global Report has provided a wealth of detail on entrepreneurial attitudes, perceptions and activities across 50 economies in 2019. This detail is the product of over 150,000 survey responses, each within a large, nationally representative sample of respondents, all answering a common, carefully structured questionnaire.

   New questions introduced in 2019 have delivered rich and fresh detail on the motivations of new entrepreneurs, including the emergence of “purpose-driven” entrepreneurship alongside more traditional motivations of generating income or wealth, or just making a living because jobs are scarce (Read more…).