According to the International Labour Organization (ILO), self- employment, and micro and small businesses provide more than two-thirds of the total employment in underdeveloped and developing countries, and play an important role in their economies.1 If not for the massive obstacles that stifle and threaten their potential, micro, small, and medium enterprises (MSMEs) will add significant value to their countries’ economies. However, most governments have not fully realised the promise of MSMEs, given the lack of best practice-sharing on ecosystem development, policies, strategies, technical skills, and expertise that are essential for developing an MSME ecosystem, and the limited linkages to global value chains. It is imperative that G20 member countries come together to form an ‘International MSME Alliance’ to create a wider ecosystem for MSMEs worldwide.
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