ABAC

What does inclusive growth mean for SMEs in the Asia Pacific?

SMEs make up 97% of business in the Asia-Pacific (and in NZ), but small firms account for less than one-third of direct exports in the region, and in some cases only a tiny fraction of that. 80% of New Zealand SMEs have never generated overseas income. The need to turn those statistics around becomes compelling when you look at the evidence that firms which export employ more people, pay higher wages, and are more productive and innovative. Tenby Powell, Director of Hunter Powell Investments, has our latest guest blog on NZ’s hosting of the ABAC meeting.