Exchanging Experiences, Expanding Opportunities

Women’s Entrepreneurial Venture Scope

File Created On:
September, 2013

Source: MIF

Women entrepreneurs in Latin America and the Caribbean are potentially one of the greatest underutilised resources in the region. More than almost anywhere else, Latin American women are starting businesses because they are identifying opportunities, and their countries have much to gain. As more women in the region have become
active in the workforce in the past two decades, national economies have expanded. Between 2000 and 2010 income growth among women in Latin America and the Caribbean contributed to a 30% reduction in extreme poverty. Arguably, women entrepreneurs offer similar economic benefits. The abundance in Latin America of opportunity-driven female entrepreneurs—those who form businesses because they see opportunities, not because they have no other choice—suggests that women’s business aspirations may be particularly important to the region’s growth.  Indeed, evidence shows that opportunity-driven entrepreneurship has a decisively positive impact on economic expansion in the region.

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