Key gender fact
- Women control $14 trillion in assets and this should grow to $22 trillion over next 10 years
- Economic gloom hits men harder than women
- Microfinance provides a gateway
- International Women's Day and the global financial crisis
- Women entrepreneurs to dispel micro myth
- Investing in the women of the future: girls
- Matchmakers find business booming on Wall Street
- PepsiCo sees $650 million in snacks for women
- Stanford's charm short-lived for women investors
- Women better at money matters than men: survey
- Small loans offer glimmer of hope to poor women: UN
- How tiny loans are empowering poverty-stricken women in Africa
- Microfinance the weapon of choice
- Women will account for 53% of UK millionaires by 2020
- A girl needs cash
- Add an article
Women and wealth
Do women put enough effort into managing their money? Demographic factors such as education, household income, age and marital status influence how a woman manages her money.
Today's world is changing at a startling pace. Political and economic transformations seem to be occurring everywhere as countries convert from command to demand economies, dictatorships move toward democracy, and monarchies build new civil institutions. These changes have created economic opportunities for women who want to own and operate businesses
Today, women in advanced market economies own more than 25% of all businesses and women-owned businesses in Africa, Asia, Eastern Europe, and Latin America are growing rapidly
In some regions of the world, transformation to a market economy threatens to sharpen gender inequality. Some of changes are simply the legacy of a gender imbalance that existed prior to political and economic reforms
Women's business associations play a vital role in identifying appropriate and/or emerging sectors where entrepreneurs can succeed. The areas that are likely to take off quickly during a nation's market revitalization public relations, transport, delivery, producing and marketing consumer goods, commercial banking, financial services insurance, and other service-related industries. In this process, women business owners are innovators, job creators and providers of economic security.
As owners of small and medium-sized enterprises (SMEs) women can also supply multinational companies with ideas inventions, technology, raw materials, supplies, components, and business services.
Over 700 women's business organizations are registered in the US alone, representing over 8 million women-owned businesses. A vital link to economic decision-making processes, these associations have made their members; visions and priorities a part of the national political and economic agenda. Around the globe many more organizations are contributing in similar ways.
With regard to the access of finacne, setting up microenterprises, small and medium-sized enterprises in both formal and informal economic sectors is one way to achieve sustainable socio-economic development and eliminate poverty. Women tend to seek small personal loans because they tend to start small firms.
HSBC is proud to support International Women's Day. Diversity is central to our brand and we see gender diversity as more than a responsibility. We understand that it is just good business sense and is critical to our corporate success. HSBC actively works to ensure that through its employees, customers and suppliers, it respects and values difference. We know that employing and managing diverse people gives us a more rounded and balanced organisation and makes us more adaptable to new situations. And we know that attracting and retaining the best people is increasingly competitive in today's work environment. We want our workforce to reflect our customer base so that we may best understand their diverse and complex needs.
Just as International Women's Day is about celebrating difference, we believe it is the combination of different people, and the fusion of different ideas, that provides the essential fuel for progress and success.
HSBC has undertaken a series of initiatives to enhance the development of its female employees and ensure that we tap into their massive potential. From an award-winning childcare scheme in the UK that allows working parents to balance work and home responsibilities; to Hong Kong where we offer the only child day care centre of any commercial organisation to the US, where many female employees have taken advantage of senior mentoring opportunities.
HSBC recognises that it cannot be complacent. There is still significant progress to be made to ensure that women achieve equality and independence.
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This article has 3 responses.
1. Carolina A. Rojo from Philippines wrote:
A very informative article on the updates of the role of women in shaping the economy.
2. Johan Gamatham from Nambia wrote:
Women have been left out of the economic sector over the years and although many gains have been made on the political representation, much still needs to be done to empower women to enter the economic sector. There is a strong need for the economic empowerment of rural women also.
3. David Webb from UK wrote:
Thought this may be of interest to anyone reading this article:
http://www.startups.co.uk/6678842910901345139/number-of-female-entrepreneurs-hits-record-levels.html
David - Touch Financial Factoring