Development of MSMEs in Developing Countries Stories from Asia, Africa and Latin America

This book explores the crucial role of micro, small, and medium enterprises (MSMEs) in global economic development, particularly in both developed and developing countries. MSMEs are vital in job creation, income generation, and fostering economic growth, with a significant presence in rural areas, often driving industrial development and agricultural diversification. Drawing on empirical studies, the book emphasizes the importance of MSMEs in rural economies, poverty reduction, and their potential for technological innovation. It also examines the challenges MSMEs face and how they can contribute to economic resilience, with a focus on the support they need from governments and international organizations.