More Women in Poorer Nations Becoming Entrepreneurs

According to a new survey, women who live in low-mid income nations are found to be more than twice as likely to be entrepreneurs or involved in the early stages of business start-ups. The study conducted by Babson College and the London Business School found that 22.5 percent of all entrepreneurs in the Philippines are headed by women who are/were heavily involved in the early stages of the business, for Russia that number jumps up to 39.9 percent. Wealthier nations such as Sweden or Belgium, the numbers are at a paltry 2.3 and 1 percent, respectively. Women living in wealthier nations are also more than likely to have benefited from higher education and better income. While these options may not be available to women living in poorer nations, networking opportunities, access to social capital and other resources have driven more of these women to start their own businesses.

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