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Small and medium-sized enterprises (SMEs) are crucial to the global economy. They provide jobs, drive innovation, and contribute significantly to GDP. Despite their importance, SMEs face many challenges when trying to enter international markets. This article explores the impact of SMEs on the global economy, the hurdles they encounter, and the support they need to succeed.

 

Key Takeaways

 

  • SMEs play a vital role in boosting the global economy by creating jobs and driving innovation.
  • Access to finance and navigating complex regulations are major challenges for SMEs in international trade.
  • Government policies and support programs are essential to help SMEs overcome barriers and succeed globally.

 

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The Role of SMEs in International Trade

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