At the 2019 World Economic Forum Annual Meeting, I sat with the National to talk about how and why SMEs need to be part of the global economy.
Concerns about growth in countries like the United States and China are a distraction from the importance of enabling small- and medium-sized enterprises to be part of a more sustainable global economy, according to the chief executive of Kuwaiti logistics company Agility.
Most nations would be happy to have the 6.6 per cent growth rate that China achieved last year, said Tarek Sultan in Davos at the World Economic Forum annual meeting. On the eve of the gathering, China reported that 2018’s rate of growth was its slowest since 1990.
However, the discussion about how to shape the future of globalisation needs to shift instead to the SME sector, which is typically the engine of growth for any economy.