Women as entrepreneurs

Female entrepreneurship ranges from just over 1.5 percent to 45.4 percent of the adult female population in the 59 economies included in the Global Entrepreneurship Monitor research project. Although entrepreneurial activity among women is highest in emerging economies (45.5 percent), the proportion of all entrepreneurs who are women varies considerably among the economies: from 16 percent in the Republic of Korea to 55 percent in Ghana–the only economy with more women than men entrepreneurs. A multi-year analysis shows that this gender gap has persisted across most economies for the past nine years (2002-2010). And in many emerging economies women are now starting business at a faster rate than men, making significant contributions to job creation and economy growth.
Developing Countries A disproportionate share of women-owned business in developing countries today are micro, small or medium enterprises. Often they do not mature. This has negative for growth and poverty reduction. Understanding the specific barriers women’s businesses face and providing solutions to address them are necessary for countries to further leverage the economic power of women for growth and the attainment of development goals.
Developed Countries The number of women-owned businesses in the United States is growing at twice the rate of all firms. Currently around 30% of US firms are majority-owned by women. Affirmative action has been credited with “bringing a generation of women into business ownership” in the United States, following the 1988 Women’s Business Ownership Act and subsequent measures. Progress has been much slower in most other developed countries. In the UK, for example, it is estimated that just 15% of firms are majority-owned by women.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s