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- Revitalizing Serbia’s economy requires encouraging more women to engage in the private sector at the small and medium enterprise level
- Women-to-women mentorship is crucial for supporting and nurturing the growth of women entrepreneurs because it helps build the mentees’ confidence to expand their businesses
- Local women’s business associations, which understand the local challenges that women entrepreneurs face, are great contributors to the entrepreneurship ecosystem for women business owners
This article was the first place winner in the Democratic Transitions category of CIPE's 2011 Youth Essay Contest.
“India is the world’s largest democracy” is now a phrase which I am sure you are bored of hearing. There is, however, a much less bandied about but equally true phrase: “India is the world’s youngest democracy.”
Today, 54 percent of India’s population is below the age of 25. Over seven out of 10 Indians are below the age of 35. The Population Council of India estimates that there are 315 million people between the ages of 10 and 24. It is estimated that there were 350 million Indians in the politically crucial age group of 15-34 in the year 2000. This number may rise to 485 million by 2030. By 2020, the average Indian will be 29 years old as compared to 37 in China, 45 in Western Europe and 49 in Japan.Read more...
Since the publication of Hernando de Soto's landmark book The Mystery of Capital in 2000, the link between property rights and economic development, especially for the world's poor, has become increasingly well understood.Read more...
Economic freedom contributes to economic growth by fostering competition among actors, leading to increased innovations, efficiency, and ultimately, productivity. Economic freedom also allows investments to be more efficient, leading to growth. The rule of law, as understood as the protection of private property and contractual rights, can protect economic freedom and contribute to growth as well.
Still, the question remains of how to describe economic institutions that make the exercise of economic freedom possible. This article sets out to describe the different component of economic freedom and explain how they relate to both economic growth and the rule of law. Then, it addresses what is necessary for good economic institutions to foster growth on the basis of economic freedom.
The World Economic Forum has surveyed 114 countries each year since 2006 to measure inequality between men and women in terms of economic participation and opportunities, educational attainment, health, and political empowerment. The Global Gender Gap Report index scores can be interpreted as the percentage of the gap that has been closed between women and men. According to their findings, no country has yet to achieve complete gender equality.
The inequality in economic participation (salaries, participation, and highly-skilled employment) and political empowerment (representation in decision-making structures) remains particularly wide. Globally, only 59 percent of the economic gap and 19 percent of the political empowerment gap have closed (100 percent would signify complete equality). Regionally, Latin America, Asia, and sub-Saharan Africa are more unequal than North America, Europe, and Central Asia. The Middle East and North Africa region shows the largest gender gap.
There has, however, been progress. Of the 114 countries examined by the World Economic Forum, 97 have improved their gender inequality gaps over the last four years.Read more...
Frequently, business associations are the best advocates for government policies and regulations that affect business. Local business associations can identify constraints to conducting business regardless of sector or industry. The policy solutions they recommend can have a broad impact because business associations do not ask for individual favors; rather, they represent the interests of a specific sector or the business community in general. I encourage businesses everywhere to value advocacy and to value the development and strengthening of business associations because that is crucial to improving business climate and public-private policy dialogue in many countries and at many levels.Read more...
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