The world of entrepreneurship and its nature is constantly changing, thanks predominantly to the influence of social, economic and technological factors. The Global Entrepreneurship Monitor (GEM) is an annual study that measures these changes, while offering insight into emerging trends and practices from around the world.
According to its most recent output, the last year has seen a significant shift in the performance of female entrepreneurs. For the first time in 13 years, women are creating businesses at a greater rate than men in three of the 59 surveyed economies, while they are also performing on an equal footing with their male counterparts in four additional nations.
The Global Drive to Empower Female Entrepreneurs
While it has yet to be seen whether these figures represent the emergence of a global trend, they certainly offer an insight into how the entrepreneurial world is changing. Firstly, they reveal that female entrepreneurs are now outperforming men in the nations of Ghana, Nigeria and Thailand, while they also suggest that both genders are equally productive in Brazil, Uganda, Switzerland and Ecuador. This represents the growth of female entrepreneurship in emerging economies, where legislative amendments and the development of equal opportunities