MICRO, small and medium sized enterprises (MSMEs) are touted as the next frontier for expanding trade and growth as they are expected to take an increasingly crucial role in boosting the overall welfare across Asia-Pacific Economic Cooperation (Apec) member economies.
It would thus be necessary for Apec leaders to adjust the policy reform lenses to make it easier for MSMEs to be part of international trade and global value chains, said Ramon Clarete, former dean and current professor of the University of the Philippines (UP) School of Economics.
This has been excerpted from the 21 September 2015 edition of Inquirer.net and is available in its entirety at:
http://business.inquirer.net/199484/smes-seen-to-play-crucial-role-in-global-trade