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BLOG: How SMEs are turning around city economies

Filippo Sarti | Aug. 2, 2011
SMEs are leading recovery in cities and emerging markets, because they can deliver agility and innovation.

Leading the recovery

SMEs are leading recovery in cities like Detroit, as well as in emerging cities and markets, because they can deliver the combination of agility and innovation that the new global economy requires. They also deliver the optimism required to strengthen global recovery. A survey of over 17,000 businesses worldwide by Regus found that 40 percent of SMEs intended to hire new staff over the next six months, a higher proportion than larger businesses. [4]

Whether cities like Detroit see a turnaround, whether those such as Singapore markets continue to top tables like the Global Metros Monitor, and whether the advanced economies of US and Europe continue to compete - SMEs will certainly play a crucial role in all their fortunes.

1,094 Words


[1] "Global Metro Monitor, The Path to Economic Recovery", Brookings Institution and London School of Economics and Political Science, December 2010.

[2] "Global Metro Monitor".

[3] "Can the Motor City come back?", The Economist, Free Exchange, 24 March 2011.

[4] "Small is Beautiful (but tough)", Regus, November 2010.

Filippo Sarti is group COO and CEO, Regus, Asia-Pacific

 

 

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