ICSB GAZETTE

Arts & Entrepreneurship: A Marriage made on Earth?Monday, August, 3, 2020 Arts & Entrepreneurship: A Marriage made on Earth?Monday, August, 3, 2020 How does Art and Entrepreneurship work together in Harmony? It wasn’t that long ago on Monday, 29 June that an...

REPORT FROM THE ICSB PRESIDENT A New Dawn for MSMEs & Startups July, Monday, 27, 2020 REPORT FROM THE ICSB PRESIDENT A New Dawn for MSMEs & Startups July, Monday, 27, 2020 The struggle you’re in today is developing the strength you need for tomorrow. Don’t...

2020 and a dawn of a new decade welcome MSMEs with many exciting opportunities for growth and prosperity, yet it comes with hazards and challenges. Recognized globally for their contributions to innovation and improving economic conditions, MSMEs are the number one job creators across the world.

Last year, ICSB reported that one of the biggest challenges inhibiting the growth of MSMEs was not technology or macro-level issues but with the entrepreneur or small business owner and the power of belief or the lack thereof. Other trends on the 2019’s covered common prevailing topics like the impact that the world’s 1.8 billion youth have on the economy. The population of young people (ages 10 to 24) in the world is at an all-time high.

The other major issue projected in 2019 was that global trade wars will have a major impact on MSMEs. The gloves have come off between the two largest economies in the world, and the imposition of tariffs by each country has plunged the world economy into turmoil.

For 2020, we see major trends continuing yet with three new remarkable changes to the landscape for MSMEs. It is astonishing what a difference a year makes! Here are ICSB’s 2020 Top Ten Trends for MSMEs: Please scroll down to read the Top Ten Trends

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.

Restructuring for Resilience: Europe Post COVID-19Monday, June, 15, 2020 Restructuring for Resilience: Europe Post COVID-19Monday, 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...

An Analysis and Comparison of the Brazilian and Canadian EconomiesMonday, May, 25, 2020 An Analysis and Comparison of the Brazilian and Canadian EconomiesMonday, May, 25, 2020 What are the differences between these economic policy roadmaps? 2019 saw both the...

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...

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...