Contributions of small and medium enterprises (SMEs)‎ in the economies of developing countries

Abstract EN

This paper discusses the definitions of Small and Medium Enterprises (SMEs) and their significant role on the economic and social of the developing countries in the context of the globalised world.

Through these businesses, new strategies channel in each country, in harmony with their own system as well as cultural and political models.

With the active participation of the International Labour Organization for more than twenty-five years, it has been carrying out programs on technical cooperation, information networks, research and brokerage with international financial institutions and SME entrepreneurs.

This paper depends on a literature review and previous studies.

There is little doubt among public officials, legal and economic scholars and businessmen alike about the importance that SMEs have for the economic and social development of countries.

However, there is no consensus on how these companies should be identified since the concept of “small business” is not clearly defined.

The concept, although commonly used, is somewhat vague, suggesting that an undertaking which is not large is a “small business", without being more specific.