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Expanding Economic Opportunities for Women

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Expanding Economic Opportunities for Women Expanding Economic Opportunities for Women Women’s economic empowerment is widely recognized as a key driver of national and regional poverty alleviation and job creation, and an important milestone toward gender equality. However, women-run businesses are constrained by a set of institutional and cultural barriers. The United Nations has estimated that the Asia-Pacific region would grow by an additional $89 billion annually if women were able to achieve their full economic potential. It is also widely acknowledged that a woman’s income directly translates into gains for her family and community. e Asia Foundation is committed to improving women’s op- In Indonesia, Malaysia, the Philippines, and ailand, in portunities to engage in entrepreneurship and participate fully partnership with APEC and the U.S. Department of State, in economic life. Working with experienced local partners the Foundation conducted research to identify specic policy, that include women’s business associations and trade groups, nancial, and cultural constraints to women’s ability to start chambers of commerce, local NGOs, city municipalities, and and grow SMEs. e research culminated in a published subnational governments, the Foundation identies and report, Access to Trade and Growth of Women’s SMEs in APEC addresses legal, regulatory, and cultural constraints that hinder Developing Economies. Identied barriers include access to women’s economic empowerment. We provide current and nance, participation in formal networks, exposure to innova- aspiring women business-owners with a full range of tools, tive technologies, and lack of social support systems. Specic including access to information and credit, business man- recommendations for governments and regional bodies were: agement training, and networks to help them develop more to build more inclusive and enabling business environments protable and productive micro, small, and medium-size that increase women’s potential to contribute to local, national, enterprises (MSMEs). ese eorts raise women’s visibility as and regional economies, such as bringing women-owned important actors in the private sector and facilitate their active SMEs and exporters into the innovation economy through participation in public-private dialogues so their voices can training, mentorship, and access to technology; expanding be inuential in local and national policy spheres. business opportunities through access to networks; improved nancial literacy; transparent and user-friendly government IDENTIFYING AND ADDRESSING GENDER-RELATED regulations and processes; and more support for the private CONSTRAINTS TO ECONOMIC OPPORTUNITIES sector to achieve a positive work-life balance. e Asia Foundation has decades of experience working at the In Vietnam, with funding from the Australian Department nexus of women’s empowerment and economic development. of Foreign Aairs and Trade (DFAT) under the Business Part- rough quantitative and qualitative research and the imple- nerships Platform, the Foundation has facilitated a partner- mentation of innovative projects, the Foundation addresses a ship between the Vietnam Bank for Social Policies (VBSP) broad range of obstacles that women face. and MasterCard to develop VBSP’s rst-ever mobile banking platform for poor and low-income populations. In 2016, a Foundation-commissioned gender assessment identied the opportunities and challenges that women encounter when using information technology to access nancial services, and the gender dierences in men’s and women’s experiences. e study also evaluated VBSP’s operations, particularly in information technology management, to identify gaps and suggest solutions to enhance gender mainstreaming of the bank’s regulations and policies. e analysis included quanti- tative and qualitative research; ndings will serve as a baseline However, women face unique challenges to start and grow to measure gender-related changes resulting from the project’s businesses. With support from the GSRD Foundation and interventions. private individuals, e Asia Foundation supported women’s business forums and chambers of commerce in six districts In Malaysia, the Foundation is implementing a one-year proj- to expand loan opportunities, increase networking among ect, Promoting 21st Century Gender Related Labor Reforms, women entrepreneurs, and promote and expand the use of to promote internationally recognized gender-related worker ICT tools for business. e Foundation trained more than rights and domestic labor laws, broaden women’s economic 550 women entrepreneurs on ICT skills and how to utilize participation, and strengthen trade unions and women’s email and social media to expand their business endeavors, organizations to support women in the workforce. e project built six e-commerce portals to facilitate women entrepre- conducted a gender analysis of project activities and expected neurs’ access to online marketing and sales, and supported six results, including a survey of 300 male and female Malay- women entrepreneurs to receive apprenticeships in Dhaka- sian and non-Malaysian workers to identify gender gaps in based ICT rms. rough two national-level public-private knowledge, behaviors, perceptions, and impact of labor laws. dialogues, district-based women entrepreneurs and represen- e survey found that women surveyed were more likely tatives from agencies such as the Bangladesh Bank discussed than men to have limited knowledge of their labor rights, policy support needed to jumpstart women’s entrepreneurship and some were experiencing labor rights violations but were at the district level, including women’s access to nance. Six not aware. Findings from the analysis informed the project’s district-level networking events created opportunities for workplan and outreach activities. women entrepreneurs to build networks and share challenges and solutions to overcome barriers. Women’s contribution to the economy as employees, as busi- ness owners, on farms, and in households doing unpaid care The Women’s Business Center in Mongolia has work is critical to sustainable growth and development in reached more than 3,000 women, Bangladesh. Discriminatory gender norms mean that women face considerable constraints to access safe and secure work, many of them migrants and single mothers. occupy senior managerial positions, own competitive enter- prises, and eectively engage in the formal economy. e Asia In Mongolia, e Asia Foundation is supporting women’s Foundation, in partnership with iDE (formerly known as In- entrepreneurship through the creation of a Women’s Business ternational Development Enterprises) and with support from Center (WBC) and Incubator in Ulaanbaatar, with funding the Swedish International Development Cooperation Agency from the Korea International Cooperation Agency (KOICA). (Sida), is testing an innovative approach to Making Markets e WBC and Incubator provides an accelerated four-month Work for the Poor that integrates gender at each stage of business incubation program that supports women entre- the project cycle and explicitly seeks to enhance women’s preneurs and female-led businesses through the provision of economic empowerment. rough interventions that address mentoring, consultancy services, training, networking oppor- specic constraints facing women and facilitate systemic tunities, and access to capital. Since opening in July 2016, the change in the processed and packaged foods and home WBC has reached more than 400 women with networking textiles sectors, the ve-year Women’s Economic Empower- events, conducted a women’s entrepreneurship study tour to ment through Strengthening Market Systems aims to provide Korea for Mongolia government ocials, led more than 100 greater opportunities for women in the labor market through training sessions and workshops for more than 3,000 women the expansion of women-owned and -led enterprises. at the WBC in Ulaanbaatar and in ve districts, and opened an incubator facility. More than 20 percent of the women NETWORKING AND INFORMATION entrepreneurs who have used the business center to date are COMMUNICATION TECHNOLOGY single mothers. Women-owned and -led businesses have signicant e Asia Foundation’s three-year South Asia Women’s Entrepre- potential to contribute to economic growth in Bangladesh. neurship Symposium (SAWES) Project, funded by the Depart- ment of State from 2012-2015, demonstrated the importance entrepreneurs since 2013. China’s economic transformation of working regionally to improve the business environment and over the past three decades has generated a wave of hundreds opportunities for women entrepreneurs. e project engaged of thousands of migrant women workers moving from rural women entrepreneurs and business associations across South areas to urban centers in search of jobs. Some of them bring Asia with a focus on Bangladesh, India, Sri Lanka, and Nepal entrepreneurial ambitions of developing their own businesses to foster women-friendly business environments, increase but have diculty obtaining basic business skills and credit. women’s business skills, and to catalyze a regional network e Foundation has partnered with local NGOs in the Yang- of women entrepreneurs in South Asia. SAWES conducted tze River Delta Region to provide business skills development, 29 country-level assessments of the institutional capacity of business plan design, and training sessions about e-commerce women’s chambers of commerce and associations in the four platforms, taxation, and business operations to a select
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