Female entrepreneurship: barriers, opportunities, and impact on global economies

Abstract

Purpose: This review research paper aims to comprehensively analyze the landscape of female entrepreneurship by investigating the barriers and opportunities that women entrepreneurs encounter. It delves into the far-reaching impact of female entrepreneurship on global economies, shedding light on its transformative potential. Theoretical Framework: The study is grounded in a multi-dimensional theoretical framework that combines concepts from entrepreneurship, gender studies, and economics. By employing an intersectional approach, the paper explores how gender dynamics intersect with entrepreneurial endeavors, shaping the experiences and outcomes of women entrepreneurs across diverse contexts. Findings: The paper presents a nuanced portrayal of the barriers that impede female entrepreneurs, ranging from societal biases and lack of access to financial resources to cultural constraints. It also highlights the significant opportunities that female entrepreneurship can unlock, such as driving innovation, fostering economic growth, and promoting gender equality. The findings elucidate the multifaceted impact of female entrepreneurs on global economies, including increased job creation and enhanced social well-being. Research, Practical & Social Implications: This research holds profound implications for both academia and practice. Academically, it contributes to the existing literature by offering a comprehensive analysis of the intricate relationship between female entrepreneurship and global economies. Practically, the study provides insights for policymakers and stakeholders to design targeted interventions that dismantle barriers and create an enabling environment for women entrepreneurs. Moreover, the research underscores the social significance of empowering women in entrepreneurship, fostering greater inclusivity and sustainable development. Originality/Value: The originality of this research lies in its holistic approach, combining entrepreneurship, gender studies, and economics to offer a comprehensive understanding of female entrepreneurship's impact. By unveiling the intricate interplay between barriers, opportunities, and global economies, this study provides a unique perspective that contributes to both theory and practice.act.