Posts Tagged 'global economy'

Women Entrepreneurs Are at the Forefront of Transformation

According to the 2017 Bank of America Women Business Owner Spotlight, an annual study of more than 1,000 small business owners, women entrepreneurs expect BIG cracks in the glass ceiling over the next 20 years, with a majority believing that women will match or exceed men in a number of areas, including but not limited to:

  • 80% of female entrepreneurs foresee greater or equal representation of women in STEM (science, technology, engineering, math) fields compared to men in STEM.
  • 68% believe women will match or exceed men in executive leadership or C-suite role representation.
  • 66% believe there will be more women-owned small businesses compared to those owned by men.
  • 61% of women believe their wages will be equal to or greater than those of men.

The study also found that women small business owners have shown significant increases in optimism toward the economy improving in the year ahead – including confidence in their local economy, the national economy and the global economy (32 percent in 2017 vs. 16 percent in 2016).

Read more …

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Note: Don’t miss our next WEGGinar™ 9/6/17 on “How to Win the Trade Game With Export Finance,” and presented by Jeff Deiss, Regional Export Finance Manager, Northern California | International Trade Finance Manager-Western US US Small Business Administration – Office of International Trade | US Export Assistance Center (www.sba.gov/international).  Register here: https://register.gotowebinar.com/register/4753604763900421122.
Event is free of charge but you must register in advance to attend.
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Jack Ma Gets It: Women Are a Driving Force in our Global Economy

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Women are a driving force in our global economy.  That’s part of the reason we started WEGG back in 2008!  Jack Ma, founder of China-based e-commerce platform Alibaba, recently announced to the world his support for women and youth entrepreneurs, and said that they were the driving force behind his “She Era” conference that he organized in Hangzhou, capital of east China’s Zhejiang Province, on May 20.

Ma said this:

“The world will become more beautiful in terms of women’s engagement.”

Beautiful may not be the only word to describe the contributions women are making not just in China but the rest of the world.  In China alone, for example, more than half of online stores are opened by full-time housewives, especially on Alibaba’s business-to-customer platforms including Taobao.com and Tmall.com.

At WEGG, we believe the world will become more prosperous and healthier as a result of women’s contributions worldwide.  You watch.  WEGG is on a mission to prove it. And we have every intention to reach out to Jack Ma for support.

Screenshot courtesy:  Yibada

Women Are a Key Driver to Global Economic Growth

The Economist Intelligence Unit created the Women’s Economic Opportunity (WEO) Index.  The index measures progress in the economic advancement of women and aims to look beyond gender disparities to the underlying factors affecting women’s access to economic opportunity.

Women drive economic growth. In the second half of the 20th century, the entry of women into the workforce helped to propel most of the world’s developed economies. But women remain the world’s greatest pool of untapped labour: Nearly one-half of the world’s working age women are not currently active in the global economy. As governments worldwide seek short- and long-term fixes to waning economic performance, expanding opportunities for the 1.5bn women not employed in the formal sector will take on even greater importance, as will removing the legal, social, financial and educational barriers hindering women’s productivity.

Download the free index and report here (you must complete the registration form to download the report).

Posted by:  Laurel Delaney


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