2021 Global Inclusive Growth Summit

Realizing the Potential of Digitization for Small Businesses

Digitization is transforming commerce, and the COVID pandemic has accelerated this trend. Small firms are critical to employment in virtually every nation, particularly in emerging economies. Technology and digitization have the potential to increase the productivity of small firms by providing them with access to information and markets, increasing access to financial services, and helping them to formalize. But small firms also face greater barriers than large firms in using technology, which can make it even more challenging for them to compete. While the pandemic accelerated the use of technology by and in support of small firms, it was the smallest firms and those owned by women, racial and ethnic minorities that were least likely to use or be reached by digital tools and services. What needs to happen from a policy, practice and product perspective to enable the small firm sector to realize the potential of digitization for all small firms?

Moderator
  • Joyce Klein

    Joyce Klein

    Director of the Microenterprise Fund for Innovation, Effectiveness, Learning and Dissemination, The Aspen Institute

Speakers
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Save the date ― April 18, 2024

April 18th

Washington, D.C.

The Global Inclusive Growth Summit will be back with a refreshed agenda to drive positive change across the public, private, and social sectors. We will take stock of our work to date, address future challenges, and chart a new path forward for collaborative action.
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