THOUGHT LEADERSHIP

THE STATE OF SME GOVERNANCE IN JORDAN – DEBUNKING MYTHS

There is overwhelming consensus regarding the critical role that SMEs play in any economy, be it as a source of employment, innovation or as a driver of productivity and contributor to economic growth. In the MENA region, SMEs represent more than 80 percent of businesses, employing 70 percent of private sector workers. In Jordan, this percentage is lower, but remains significant at 52 percent of private sector employment. This consensus has inevitably resulted in a wealth of literature and concurrent efforts by governments and other stakeholders to support the growth and resilience of SMEs.

STREAMLINING THE JORDANIAN GIG ECONOMY: URGENT NEED FOR ACTION

The outbreak of the COVID-19 pandemic has placed the world under a global crisis that may lead to an unprecedented global recession. Countries are expected to adapt to a ‘new normal’, where governments have to diligently introduce expansionary monetary
and fiscal policies in order to provide their citizens with essential safety nets.