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Why Female Entrepreneurs are Key to Global Development

Why Female Entrepreneurs are Key to Global Development

Over the next decade, more than one-billion women will join the work force. This is great news for GDP, which will increase significantly as a result. But given the challenges facing labour markets around the world, where will these jobs come from? The International Labor Organization estimates that 201.8-million people were unemployed last year; the only jobs that many people had, were the ones they created for themselves. Entrepreneurship has moved from something for a few "risk-takers", to a legitimate path for women and men. The Global Entrepreneurship Monitor reported that total early-stage entrepreneurial activity rose 25 per cent among 16 developing countries, and 22 per cent in mature economies, between 2010 and 2011 alone.

Gender Finance