Market access: Connecting firms and entrepreneurs to markets to spur business and job growth
A&R CartonJ-PAL
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What is it?
Improved access to markets has often helped small firms in low- and middle-income countries grow by boosting firm revenues and profits.
These interventions have been effective because they have led to new sales, helped firms connect with new types of buyers, and increased information sharing and learning.
HIGHLIGHTS
Across low- and middle-income countries (LMICs), 90 percent of jobs come from private sector firms. However, most of these firms are small and relatively unproductive.
They tend to hire few workers and struggle to grow over time, held back by many obstacles. Encouraging small firms to develop into successful businesses is a key pathway to fight global poverty by creating jobs and raising people’s incomes from work in the private sector.
Unleashing the growth potential of small- and medium-sized enterprises (SMEs) may also boost overall economic efficiency and output.