Export Opportunities for SMEs in Developing Countries: Global Experiences
Dr. S. Glory, Swarupa, Dr. E. Vijaya, Mr. Sarath Muthyala
ISBN: 97-88-19-64-85-13
About Book
Micro, Small and Medium Enterprises (MSMEs) are the backbone of developing economies as they are playing a vital role in driving economic activity and employment generation. SMEs represent the bulk of production in manufacturing and even larger share in services, both in developed and developing countries. They contribute over 55% of GDP, 50% of Exports and over 65% of total employment in high-income countries. In international trade, the contribution of SMEs to direct export revenues is less obvious and varies greatly, even among OECD economies. For example, SMEs contribute a substantial share of East Asian manufactured exports such as 56% in Taiwan Province of China, over 40% in China and the Republic of Korea and more than 31% in India, whereas their role is marginal in LDCs, especially in Africa, with the little-documented transborder and subregional trade. The central question is whether a higher proportion of competitive SMEs in developing economies could access regional and global chains of production. The export capacity of local SMEs can be enhanced through appropriate trade and investment linkages, upstream and downstream of the production and service activities of other large firms. Such business linkages already play an increasingly significant role in various segments of local SMEs, which can thus move up the technological and management ladder and become part of global and integrated chains of production. To enhance the knowledge about the procedures & policy initiatives to improve SME exports in developing countries, ni-msme organised a three week International Executive Development Program on “Export Opportunities for SMEs in Developing Countries”, sponsored under the Indian Technical and Economic Cooperation Ministry of External Affairs, Government of India, from 07 to 25 August, 2023 at ni-msme campus. A total of 16 international executives from 12 countries representing Bangladesh, Cameroon, Eritrea, Guyana, Jordan, Kiribati, Kenya, Maldives, Nigeria, Sri Lanka, Zambia and Zimbabwe attended the program to comprehend the deeper insights on Policy and Procedural issues related to SME Exports besides sharing experiences that are beneficial to the participants. Keeping the importance of SME Exports in developing economies, the international executives have contributed papers on various aspects related to the status of SMEs, various problems and prospects in SME Exports and Trade Barriers in International Trade and Environmental issues in Trade & Industry. The papers are published in a book titled: SME Exports in Developing Countries: Global Experiences, would surely invoke further deliberations on the theme which is immensely significant for the participating countries.