Burgeoning youth populations across the developing world emphasize the importance of achieving sustainable economic growth and providing widespread employment opportunities. Economic inclusion refers to equality of opportunity for all members of society to participate in the economic life of their country as employers, entrepreneurs, consumers and citizens — and the private sector is a central partner in fostering economic growth.
CIPE’s latest Economic Reform Feature Service article outlines strategies to build a more inclusive entrepreneurial ecosystem by engaging traditionally under-represented groups in economic and political life. The article focuses on approaches to promote entrepreneurship opportunities among women and youth as well as informal sector operators. The article also illustrates successful approaches employed in CIPE projects around the world. Read the full article here.
Teodora Mihaylova is Research Coordinator at CIPE.
The Philippine National Police have used the Performance Governance System to improve governance.
Efficient, transparent and accountable governance continues to be a major driving force behind reform movements around the world. In partnership with the Center for International Private Enterprise (CIPE), the Institute for Solidarity in Asia (ISA) has implemented the Performance Governance System (PGS) initiative in the Philippines. The Performance Governance System is a highly rigorous accreditation program that requires participating organizations to reform and strengthen their governance practices with the goal of improving organizational performance, financial transparency and political accountability.
The recently published case study from Strategies for Policy Reform describes the Performance Governance System in detail. ISA has subsequently shared three case studies that illustrate how the adoption of the Performance Governance system has improved public governance in Talisay city, the Philippine National Police, and the Philippine Army.
Teodora Mihaylova is Research Coordinator at CIPE.
Women comprise the majority of world’s population, are heads of households, have outpaced their male peers in educational attainment and contribute to the social and economic wellbeing of their families, communities, and countries.
Yet, for all of these advances, women in leadership position are still a minority. According to the latest estimates, women comprise just 20.2 percent of corporate board members of Fortune 500 companies, representing a slight increase over previous years. And just 4.8 percent of Fortune 500 companies are headed by female CEOs. In terms of political leadership, the United Nations estimates that women hold just 22 percent of parliament seats globally. Currently, there are 10 female heads of state and 14 heads of government among the 195 UN member states. Finally, women hold only 17 percent of posts globally at the ministerial level, mainly in the education and health sectors.
Much has been written about how women could overcome the myriad of obstacles that stand in their way to personal and professional success. Whether it’s to take a seat at the table, find a mentor, or a sponsor and lean-in, these techniques fall short of naming the real reason women are shut out of professional opportunities in many societies.
The simple answer is that women must work within the confines of rules and regulations that were institutionalized without their input. When women have agency in their personal and professional lives, they have the ability to change norms, rules and regulations and to fully participate in decision-making processes in the government, public and private sectors.
Inclusive and participatory decision-making is at the heart of democratic governance and yields better social, political and economic outcomes. Economic empowerment is one of the most important means of attaining global gender parity and should be a central point of discussion. When women become breadwinners, they have real decision-making power within their families and communities. Women’s entrepreneurship and participation in the workforce are avenues for their political participation and ability to influence how rules are made and laws passed.
This post originally appeared on Corporate Compliance Trends.
Ethics is an increasingly important component of doing business for both small and medium sized enterprises to multinational corporations in today’s globalized world. The Center for International Private Enterprise (CIPE) has long been an active advocate for better business practices with its focus on anti-corruption initiatives and promoting corporate social responsibility.
Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices, recognized CIPE leaders and partners for their contributions to advancing business ethics. Ethisphere magazine listed CIPE’s Executive Director John D. Sullivan and Michael Hershman, member of CIPE’s board of directors, as the top 100 most influential individuals in business ethics in 2014.
Afghanistan’s image in the news media is often shaped by negative stories focused on security and political challenges. What is often not highlighted are a number of successes, achieved over the past several years, in shaping the country’s economic policy and democratic governance. These reforms have improved the business enabling environment and made a positive difference in the lives of small business owners whose livelihoods depend on a predictable and efficient regulatory environment.
Women entrepreneurs are increasingly important participants in the new global economy. In many emerging free-market economies and newly democratic countries, women comprise a significant — and sometimes dominant — portion of the business infrastructure, not only in the informal and small business sector, but in corporate ranks as well. Yet their participation on the management of business overall and the making of public policy is still hindered by lack of adequate gender representation, legal, institutional and cultural barriers, and traditional societal practices.
For over 30 years, CIPE has been working to strengthen democracy around the globe through private enterprise and market oriented reform. CIPE’s program for women focus on empowering them as entrepreneurs and encouraging their full participation in civil life and policymaking with the goal of building democracy that delivers for all.
In honor of Women’s Entrepreneurship Day, CIPE hosted a Google Hangout with a distinguished panel of women leaders and entrepreneurs to discuss how women’s economic participation could be advanced globally. The panel featured Selima Ahmad, founder of the Bangladesh Women’s Chamber of Commerce and Industry (BWCCI); Lina Hundaileh, Chair of the Young Entrepreneurs’ Association (YEA) in Jordan; and Lucy Valenti, President of the Network of Nicaraguan Businesswomen (REN). Discussant and moderator were CIPE Program Officer Maiko Nakagaki and Research Coordinator Teodora Mihaylova.
BWCCI founder Selima Ahmad received the Oslo Business for Peace Award earlier this year.
Watch CIPE’s Google Hangout on women’s entrepreneurship, which discusses BWCCI’s work.
While still a poor country, Bangladesh is an economic success story in terms of its economic outlook and expanded employment opportunities for women. In recent years, economic growth has averaged 6 percent annually and a vibrant, export-oriented garment sector has generated employment opportunities for urban women. Bangladesh has achieved food self-sufficiency and significantly reduced poverty, “putting the country on track to achieve most of the Millennium Development Goals.”
CIPE began working with the Bangladesh Women’s Chamber of Commerce and Industry (BWCCI) in 2006 with two objectives in mind. First, CIPE would provide training and technical assistance to the board and staff to ensure that the chamber focused on member needs and attained financial sustainability by growing its dues-paying membership. Second, CIPE encouraged BWCCI to shift from training individual entrepreneurs to pursuing policy advocacy to remove legislative and regulatory barriers to the equal participation of women in the economy.
BWCCI’s work expanding economic opportunities for women and promoting greater involvement of women in the policymaking process strengthens participatory democracy. Women comprise more than half the population and women-owned businesses generate employment and contribute to Bangladesh’s economic growth. Addressing the specific policy concerns of female entrepreneurs expands the inclusiveness of the democratic process and enhances female representation in the country’s economic and political institutions.