Dr. Gian Franco Terenzi, RSM, elected President. Dr. Norbert W. Knoll by Shakeel appointed General Secretary year 2010: 14 million more people in poverty of delegates of SMEs-supporting organisations from more than 50 countries in Africa, Asia, Europe, Latin America, United States, Russian Federation, among them Government agencies, chambers of Commerce and industry, women entrepreneurs organisations and banks participated in the Conference.According to recent estimations of the World Bank, we have world wide approx. 500 million formal and informal entrepreneurs, 99% of them SMEs including micro-entrepreneurs. The number fluctuates with the ups and downs of the economic cycle.
Though since the begin of this year, a significant rebound of the world economy can be felt, it has not yet become a recovery. Due to the crisis approx. 14 million more people, among them millions of small and micro entrepreneurs, primarily in the less developed countries will be in poverty in this 2010.Many of the achievements in recent years made year to facilitate business of SMEs in the world, to reduce poverty in less privileged economies have seriously jeopardised by shrinking demand for SMEs export products, increasing prices for energy and food, falling commodity prices, significant reductions in foreign investment and a general liquidity shortage. The strong interdependence among the worlds’ economies made this a literally global economic crisis and human tragedy. 0.005% transaction levy (CTL) brings annually 15 trillion US dollars for poverty reduction and crises prevention Knoll-Jess’s prediction at the conference: SMEs cannot rely alone on Government help and financial support in times of crises. Faced with huge budget deficits and public anger, almost all counties in the world, including the US and the countries of the European Union will have to impose a financial transaction levy soon, based on the proposal of the Nobel Price laureate James Tobin. The revenue of generating potential of a levy is tremendous.