Women now run one-third of all formal economy enterprises around the world. However, the majority of those operating in developing and transitional economies are very small or micro-enterprises with limited growth potential. Beyond the under-representation of women in businesses of all sizes, the larger the business, the less likely it is to be headed by a woman. Women now run one-third of all formal economy enterprises around the world. However, the majority of those operating in developing and transitional economies are very small or micro-enterprises with limited growth potential. Beyond the under-representation of women in businesses of all sizes, the larger the business, the less likely it is to be headed by a woman.

Societal attitudes and social norms prevent some women from even considering business creation, while systemic barriers mean that many women entrepreneurs remain confined to very small businesses operating in the informal economy. This not only limits their ability to earn an income for themselves and their families, but also limits their real potential to contribute to socio-economic development, job creation and environmental protection.

The ILO estimates that while 22 per cent of men’s productive potential is underutilized worldwide, this figure is 50 per cent for women.

The removal of barriers such as discriminatory property and inheritance laws, customary laws, lack of access to formal financial institutions, and time constraints due to family and domestic responsibilities, could provide more opportunities for growth to sustainable enterprises led by women. This would contribute to women’s empowerment and gender equality as well as job creation.

Investing in women is one of the most effective ways to increase equality and promote inclusive and sustainable economic growth. Investments in women-specific programs can have significant developmental implications, as women typically spend more of their income on the health, education, and well-being of their families and their families. communities than men. While targeted measures can bridge the gap for women at the same time, it is also essential to eliminate the discriminatory aspects of economic and social policies, programs and practices that can hinder the full participation of women in the economy and society.

There is a void to be filled (…) There is the need for public policies to oversee digital development while ensuring that women make better use of the resources and opportunities offered by ICTs for their empowerment and empowerment. achievement of the objectives of gender equity.

