SMEs owned by women create the bulk of formal employment in most economies around the world. Women’s business associations can provide support for women-owned SMEs, and thereby assume the role of influential community change-makers and stakeholders. However, business leaders in developing countries, in particular women business leaders, face challenges that entrepreneurs in developed countries may never encounter. These barriers fall into two key categories: instability and infrastructure.
Closely tied to cultural, social, economic, and political country conditions, instability involves the struggles of women dealing with patriarchal restraints, corruption, and sometimes organized crime and war. Infrastructure barriers deal with weak or lacking institutions that inhibit women’s ability to conduct business. These include: property rights, recognition of women’s rights as human rights, accounting, taxation, and banking rules, and civil law. Overcoming the challenges posed by instability and infrastructure calls for an engagement of women’s NGOs and business associations as agents of change, as they advocate, support, and amplify necessary reforms
Read the full article: Empowering Women through Non-governmental Organizations and Women’s Business Associations.
To share an item with the Community of Women Entrepreneurs, send it to email@example.com