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How eCommerce Helps the Growth of SMEs

Small and Medium Enterprises (SMEs) in a country are the backbone of its national economy. In developing countries, in particular, the role of SMEs is quite pivotal to the development of the economy. According to The World Bank, SMEs account for the majority of businesses worldwide and are significant contributors to global economic development. It goes on to say further that SMEs represent about 90% of businesses and more than 50% of the employees worldwide.

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