Leaders discuss how to help small businesses in Switzerland

Written by A.J. Rowney, CNN Regional leaders from the world’s most productive economies are being urged to support small business in a bid to boost national economic performance and avoid a repeat of the…

Leaders discuss how to help small businesses in Switzerland

Written by A.J. Rowney, CNN

Regional leaders from the world’s most productive economies are being urged to support small business in a bid to boost national economic performance and avoid a repeat of the global financial crisis.

During the post-Moscovici panel discussion at the 28th Global Partnership on Trade and Development (PTFD) annual meeting in Geneva, event leaders urged policymakers to put a premium on the “importance of creating jobs and growth by supporting the development of small enterprises.”

British Prime Minister Theresa May, French President Emmanuel Macron, Mexican President Enrique Pena Nieto and Finnish President Sauli Niinisto are among world leaders to send their greetings to the meeting, which is being held this year to address the issue of global inequality and encourage small business growth.

Wealthy countries, which face increased competition from emerging nations, are expected to welcome more foreign investment than ever before. China and the US are expected to lead in inward investment, according to the World Bank.

Yet compared to developing countries, small businesses in developed economies are “certainly lagging in the years leading up to the crisis.”

The share of jobs and small businesses by size also tends to be more acute for wealthier nations, according to the PTFD

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