Women’s entrepreneurship as the part of economic systems inclusive development

Keywords: economic growth, employment, gender equality

Abstract

Up to the third of all businesses operating in the formal economy worldwide are run by women, but most of these enterprises, especially in developing countries and countries with transitional economies, as Ukraine, are micro-enterprises with little potential for growth. Along with traditional indicators of economic growth, the inclusive economic development model takes into account human capital equality, environmentally friendly production, social protection, gender equality as factors of economic system sustainability. The purpose of the study is to determine the role of women's entrepreneurship in economic systems inclusive development. The objectives of the study are generalization of women's in entrepreneurship involvement role in inclusive economic growth; current state of women in various types of economic activity involvement analysis; the possibility of inclusive growth through the women's entrepreneurship development achievement justification. The object of the study is the process of economic systems inclusive growth through women entrepreneurship activity increase. It has been proved that, significant differentiation in women and men wage levels, insufficient number of women in business on management positions remain relevant issues today. The current state of women's entrepreneurship and gender equality aspects under inclusive growth and inclusive development issues was determined. Ukraine population structure and the distribution of managers and individual entrepreneurs by sex within the types of economic activity analysis has been conducted. The mechanism aimed at women's entrepreneurship inclusiveness provision, which includes regulatory, financial credit, organizational and economic, motivational and stereotypical components has been proposed. It has been substantiated, that entrepreneurship contributes to the middle class increase, and thus social and political stability strengthening, including gender problems that exist in the labor market solvation. The system of measures of women's entrepreneurship inclusiveness ensurement mechanism, which will provide an integrated approach, formation has been proposed.

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Published
2020-11-10
How to Cite
Chaikin, O., & Kirieieva, E. (2020). Women’s entrepreneurship as the part of economic systems inclusive development. Herald of Kiev Institute of Business and Technology, 45(3), 65-71. https://doi.org/10.37203/10.37203/kibit.2020.45.09