It’s often been said that women are the most underutilized asset in the world. Studies have shown that the economic inclusion of women is fundamental to reducing gender inequality and spurring overall economic growth. Women’s economic participation has been shown to have a multiplier effect: the economic empowerment of one woman ripples meaningfully to her children and family—even to entire communities and nations.Source: Boston Consulting Group
Still, women face a range of challenges—such as restrictions on the hours they can work and the types of jobs they’re allowed to take—that keep them from accessing opportunities in the traditional economy and being fully productive members of the workforce. Entrepreneurship thus provides an important means for women to empower themselves and define their own economic participation when other employment opportunities may not be available. The broader economic impact is substantial; in fact, if women and men participated equally as entrepreneurs, global GDP could rise by as much as 2 percent or $1.5 trillion, according to research by The Boston Consulting Group.
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