The Influence of SME Ecosystems on the Global Economy

The Influence of SME Ecosystems on the Global Economy

1 June, 09:00–10:15

A state’s SME ecosystem plays an important role in the development of its socioeconomic functions. Economic development is driven by small and medium-sized enterprises, which create additional jobs and bring about an increase in tax revenues. The share of SMEs in GDP has been rising steadily throughout the world over the past few years. In Russia, however, it has stayed more or less stable. How can we determine the impact of the SME ecosystem on the economy? Can SMEs become a driver of economic growth in Russia? What could explain such a huge difference in SME development levels? How were high GDP shares for SMEs achieved in the world’s leading economies? Are these mechanisms applicable to Russia? What factors can drive the growth of SMEs? How can Russian small and medium-sized enterprises integrate into the supply chains of foreign businesses?



















Broadcast

Key moments

Even now, small and medium-sized businesses are becoming a driver of the modern economy, a trend that will only accelerate in the future.
Oleg Fomichev
State Secretary, Deputy Minister of Economic Development of the Russian Federation
Traditional small businesses in retail, services and construction, as well as startups that emerge and create entire markets, are the face of the new economy.
Oleg Fomichev
State Secretary, Deputy Minister of Economic Development of the Russian Federation
In the very near future, we want to focus on popularizing entrepreneurship in Russia: it should become cool and prestigious.
Alexander Kalinin
President, All-Russian Non-Governmental Organization of Small and Medium-Sized Businesses Opora Russia
We believe that we now have one of the world’s best tax frameworks for micro businesses.
Alexander Kalinin
President, All-Russian Non-Governmental Organization of Small and Medium-Sized Businesses Opora Russia
We are actively building Russian small businesses into global supply chains… We are following a global trend.
Alexander Braverman
Member of the Board of Directors, Chief Executive Officer, Chairman of the Management Board, SME Corporation
We are happy to welcome Russian and international partners in China to jointly develop business and we are ready to plan cooperation within the framework of the Silk Road project to gain access to the markets of third countries.
Wang Qinmin
Deputy Chairman, National Committee of the Chinese People's Political Consultative Conference; Chairman, All-China Federation of Industry and Commerce
Our objective is to make sure a businessman anywhere in the country might quickly obtain all the necessary services offered by the small business support infrastructure.
Oleg Fomichev
State Secretary, Deputy Minister of Economic Development of the Russian Federation