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Advancing Inclusive Growth in the APEC Region: Challenges and Policy Solutions for MSMEs

Published on May 6, 2021

This capstone policy paper highlights the key policy findings and recommendations from throughout the Partnership’s implementation cycle in response to six key thematic areas featured in the project’s capstone conference. These themes are as follows: Promoting Inclusive Growth, Supporting Women and Youth Entrepreneurs, Aiding MSMEs’ Digital Transformation, Securing MSMEs’ Access to Financing, Ensuring Access to MSME Support Services, and Encouraging Broader Market Access.

To view the Executive Summary, please click on the following language options: English, French, Bahasa, Spanish, Filipino, Vietnamese.

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Highlights
1
Promoting Inclusive Growth: Dialogue between governments, MSMEs and other key stakeholders is critical for achieving an inclusive crisis response and sustainable routes to recovery. Governments must ensure that the needs of small businesses are addressed through action plans that work toward long-term economic recovery.
2
Supporting Women and Youth Entrepreneurs: Further capacity building, knowledge networks and collection of disaggregated data are needed to address systemic barriers that limit the economic empowerment of women and youth.
3
Encouraging Broader Market Access: Entrepreneurs and MSMEs must be supported by government actors in gaining international market experience and expanding their markets overseas. This includes investing in clear promotion of international opportunities, and in entrepreneurs’ upskilling to participate in international markets.

In this report, the Partnership has compiled its best practices and lessons that it has learned in its on-theground activities and working with various project stakeholders including governments, entrepreneurial networks, academia and most of all, MSMEs themselves.

This capstone policy paper highlights the key policy findings and recommendations from throughout the Partnership’s implementation cycle in response to six key thematic areas featured in the project’s capstone conference.

"As the APEC region continues on the road to recovery from the effects of COVID-19, one of the priorities moving forward must be to alleviate the extraordinary burden placed upon MSMEs, which continue to navigate uncharted territory as the global health crisis continues to impact economic stability and job security."

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Advancing Inclusive Growth in the APEC Region: Challenges and Policy Solutions for MSMEs