Article Review: Female Entrepreneurship Is More Popular In Developing World: Study




Article Review By Dr. Cheryl Cottle

Female Entrepreneurship is more Popular in Developing World:Study,
Huffington Post, author Alicia Ciccone, dated 21/15/2011.


The author of  the article Female Entrepreneurship is more Popular in Developing World: Study points out that women in developing countries are most likely to get into a business venture than women of more developed countries. The author further suggests that “necessity” often drives one to do so. Women in poorer countries are driven to start a business to support themselves and their family. The article also points out that women in countries that once had a rich economy and is presently experiencing a recession is seeing a rise of women getting into entrepreneurship “just to get by.” 

"Necessity" in my view is a response to a stimulus in an economy. If the economy is in trouble, people are forced to think of alternative ways to make a living. Therefore a poor economy regardless of rich or poor countries, some people would be driven to entrepreneurship, particularly if it has some meaningful cultural norm and value. A "failing economy" or a "failed economy"  is therefore the primary reason as to why women may get into business, overall.

While I believe that economic necessity is one factor why women get into business, regardless of where they are located - - there are deeper underlying factors that influence their choice. The value that is placed on entrepreneurship, to make it a choice or away of living, is a dictating factor. One cannot dismiss the effect of culture and history and the role that entrepreneurship plays in the development of many cultures and societies. Most cultures show that historically women have been a part of the economic structure and have always contributed to the economic empowerment of themselves, their families, communities and nation overall.  

Women from across the globe and from diverse cultures have been in business at varying levels and in diverse sectors and industries throughout the years. Growing up in Trinidad and Tobago women were engaged in different type of entrepreneurial activities, from micro business activities, to managing small retail and wholesale shops. Some of these women were not only involved in marketing their own products, but had experience in import and export. 

Women who were engaged in an entrepreneurial venture that relied on their own product and or services included, seamstresses who provided training to younger women interesting in developing and furthering their skills and knowledge in sewing and designs using the apprenticeship approach to teaching and learning. Educators who managed their own schools and who served in educating the young. Milliners, hair dressers, cooks, and bakers were also some areas that women were involved in at an entrepreneurial level. In most cultures, women entrepreneurship is not a new phenomena, but I think involvement is due to how it is perceived by society; thus making it a livelihood choice or an alternative choice to unemployment.

In my view, entrepreneurship has always been regarded as a plausible and a viable way to make a living and was explored by both men and women. However, it was perceived as a more viable option for men and in spite of this gender divide, women have throughout the years exploited the market as entrepreneurs and have done remarkably well. The reason for pursuing an entrepreneurial path is not always from the perspective of "necessity" or "just to get by," but as a way of making a livelihood and contributing to the well-being of themselves and their families. Flexibility of working hours, the ability to determine how much time and wages one wants, independence, as well as the opportunity to spend quality time with their children, are other compelling reasons why women get into business.

Source: http://www.huffingtonpost.com/2011/12/15/female-entrepreneurship_n_1149393.html








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