According to Pamela Hamamoto, Ambassador and Permanent Representative of the US to the United Nations and other international organizations in Geneva:
… that the majority of WOBs [women-owned businesses] are in fact small and medium-sized enterprises (SMEs), accounting for one-third of SMEs. Yet only 2% of those WOBs actually export goods and services. ‘This is not just a women’s issue,’ she said, ‘men and women must work together to achieve real progress.’
What that tells us is there is a whole heck of a lot of room for improvement to help women get out of their own backyards and conduct business worldwide through platforms like WEGG. WEGG is on a mission to educate women business owners and entrepreneurs worldwide on how to expand their businesses globally. Watch for programs to make that happen — coming soon.
Read the entire article: Women’s empowerment: good for business, development and men
Screenshot courtesy: International Trade Centre