A Study on Role of Women Entrepreneurs in G20 Countries
Purpose: The purpose of this study is to examine the evolution and current state of women entrepreneurship, with a particular focus on their participation in the markets of G20 countries. It seeks to highlight the persistent gender-based challenges faced by women entrepreneurs and to emphasize the global significance of addressing these issues. Design/Methodology/Approach: The study adopts a descriptive and analytical approach, drawing on existing literature, global reports, and secondary data sources related to women entrepreneurship, gender equality, and sectoral participation across different regions, particularly in developing economies and G20 countries. Findings: Over the past five decades, women entrepreneurship has grown significantly despite facing discrimination, gender inequality, and restrictive social norms. Many women have started their own businesses to overcome social constraints and have proven to be strong innovators. In developing nations, women entrepreneurs contribute to market expansion and employment generation. However, gender equality in entrepreneurship remains limited, with only about ten countries worldwide achieving parity. Women-owned businesses are predominantly concentrated in small and medium enterprises, often within low-profit or low-growth sectors. Women entrepreneurs tend to operate mainly in consumer-oriented industries such as fashion retail, beauty cosmetics, and food services. In Africa and Asia, approximately 75% of women entrepreneurs are engaged in these sectors, with minimal participation in capital-intensive or technology-driven industries such as mining, construction, electronics, and big data technologies. Practical Implications: The findings underscore the need for targeted policy interventions, financial support mechanisms, and capacity-building programs to encourage women’s participation in high-growth and technology-intensive sectors. Promoting gender equality in entrepreneurship can lead to diversified markets, enhanced innovation, and increased employment opportunities globally. Originality/Value: This study adds value by providing a focused overview of women entrepreneurs’ participation across G20 markets while highlighting sectoral limitations and ongoing gender disparities. It reinforces the importance of addressing women entrepreneurship as a global phenomenon and contributes to the broader discourse on inclusive economic development.