Women Entrepreneurship in Malaysia: A Formidable Economic Force

Women Entrepreneurship in Malaysia: A Formidable Economic Force
Women play an important role in the economic growth of a country. Unleashing the economic power of women is one of the key solutions achieving growth, dynamism and ingenuity in the global economy. It follows then that having more women participants in the workforce perhaps ensures more savings and higher productivity gains.

Given that women make up about 49% of the global population with longer life expectancy then men, it is only imperative that their capabilities be honed and tapped, for obvious economics and societal benefits.

However, Women & Family Entrepreneurs are not without issues. In Malaysia, about 20% of the estimated registered totals of more than 650,000 entrepreneurs are women. Despite many of them being successful, their actual potentials remain to be tapped. Many reasons have been offered – ranging from societal perceptions of the traditional roles of women as homemakers, to the lack of equal opportunities made available to women, resulting in a market failure that prevents them from achieving their full potentials as successful entrepreneurs. There have also been claims that women entrepreneurs supposedly lack confidence and stamina, placing more importance on family and work-life balance.
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