The Potential of MSMEs in Achieving the SDGs Towards Megatrend 2045

Abstract

MSMEs (Micro, Small, and Medium Enterprises) play a crucial role in Indonesia's economy, particularly in supporting economic growth at both the local and national levels. Indonesia is a country where MSMEs have experienced significant changes, and it is projected that in the next twenty years, major transformations will occur. This is evident from the estimate that by 2045, the global middle-income class will increase by 4.9 billion. This paper aims to analyze, and provide an evaluation of the economic potential of MSMEs that contribute to economic development on both a local and national scale. Additionally, these MSMEs support the achievement of the SDGs by helping to reduce poverty, create sustainable economic development, and improve the welfare of local communities. This study applies a qualitative method with a descriptive approach, and the data is analyzed using SWOT analysis techniques. Data were collected from various sources, including journals, books, papers, and other supporting data accessed through online platforms. The research results show that first, MSMEs support the local economy, create jobs, and help reduce poverty. Second, gender equality which is strengthened through education and training, supporting women's empowerment and SDGs 2045. This is expected to improve the quality of human resources to become more self-reliant. Lastly, collaboration between the government and the private sector strengthens the position of MSMEs in both national and international markets. Overall, these MSMEs have great potential with competitive and sustainable qualities, and they contribute to the achievement of SDGs and the Megatrend 2045.