Document Type

Article

Abstract

The main hypothesis of this article is that the Vienna Convention on the International Sale of Goods has the potential to act as a catalyst for the economy of the UK on its way out of the recession and, therefore, should be ratified, as it will strongly affect the development of the SME sector. This hypothesis will be questioned and evaluated throughout the article.

In Part II of the article, the importance of the SMEs for the current economy of the UK will be assessed. Together with Part I, Part II will form the prism through which the remainder of the article will be viewed.

Parts III and onwards will analyze the hypothesis stated earlier in the Introduction. They will ask the questions: (1) Would the ratification of the CISG be beneficial for the UK SMEs? and (2) Would the ratification of the CISG be beneficial for the economy of the UK?