November 19th marks a special day, it’s Women’s Entrepreneurship Day. On this day we recognize and celebrate women in business across the world.
“Across the globe, women participate in paid economic activities less than men. The gender gap in labor force participation is around 14 percent in the median OECD country, 26 percent in the median middle-income country, and 13 percent in the median low-income country. When women do participate, they often work in lower-paying jobs and sectors and have less access to social safety nets. This is worsened by the COVID-19 crisis, which has disproportionate economic and social consequences on women and girls because of financial exclusion, the gender digital divide, a greater burden of unpaid care work, and other gender-based inequalities. At the same time, it is estimated that closing the gender gap in the workforce would add 28 trillion USD to the global GDP, and that’s only counting the monetary gains, not the human rights and other benefits.” Mirjana Spoljaric Egger, Assistant Administrator and Director of UNDP
We need to continue to support women and continue the conversation around the challenges that women face, so that we can change the landscape for the future female entrepreneurs and leaders out there. There is still a lot that needs to be done, maybe gaps that need to be filled.
To read more please visit: https://www.undp.org/content/undp/en/home/news-centre/speeches/2020/women_s-entrepreneurship-day.html