Women Entrepreneurs Are On The Rise

In its quest to report on disparity amongst gender inequality, Mastercard Index of Women Entrepreneurs (MIWE), recently released their 2019 results of the top 10 countries and markets in the world, where female entrepreneurs are making significant inroads into business.

According to the study, which spans across 58 markets and represents almost 80% of the world’s female labour force, Ann Cairns, Executive Vice Chairman, MasterCard said, “Women-owned and led businesses are strong catalysts for economic growth, improving the lives of everyone. This study shines a light on those under-represented because, even today, inequality and exclusion still hold women back. At MasterCard, we believe good ideas come from everywhere. Now is the time for governments and organisations to power together to support women to advance their businesses by eradicating gender-bias and ensuring greater access to education and financial inclusion”

Interestingly, the report goes on to highlight the marked difference between female business owners in those countries with healthy economies versus those stricken by poverty.

For countries where trade and development and the ease of doing business are highly advanced, such as US, New Zealand, Israel, Canada, Australia, Ireland, Switzerland and Singapore, the rise of female business owners seems to be as a result of opportunity-driven activities, whereas those countries restricted by hardship and poverty, shows female- led opportunities as being driven more out of necessity than anything else. In fact, countries such as Uganda, Ghana and Botswana have shown more women in female owned businesses as a percentage of all business owners than any developed market.  

Although positive in its overall outlook for the rise of female entrepreneurship in future years to come, there are still many aspects that need to be addressed before this can become a reality. These include gender discrimination, lack of confidence, poor mentorship and networking support, much of which affects women in otherwise highly favourable and supportive entrepreneurial markets.

The MIWE results for the top markets to be a female entrepreneur are:

  1. United States
  2. New Zealand
  3. Canada
  4. Israel
  5. Ireland
  6. Taiwan (China)
  7. Switzerland
  8. Singapore
  9. United Kingdom

And for the top ten countries according to the proportion of female entrepreneurs:

  1. Ghana
  2. Botswana
  3. United States
  4. New Zealand
  5. Russia
  6. Malawi
  7. Australia
  8. Angola
  9. Portugal

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  • Women for Change
    published this page in Home 2019-11-29 11:14:53 +1100

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