Female Entrepreneurship & Global Citizenship

Mar 23, 2016 1:30:00 PM / by Stephanie Sadler

Alexandra_Jesaitis.pngWords by Alexandra Jesaitis, a CAPA Dublin alumna and business major from Rollins College. 

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In a world that is increasingly becoming more interconnected through globalization, study abroad participants have the advantage of seeing a new, worldly perspective first-hand. Not only does studying abroad allow students access into a new educational environment, but it also enhances an important concept: global citizenship. Global citizenship encourages becoming a part of the world community, united by the same values and practices.

As we celebrate International Women’s Day on March 8 and March as Women's History Month generally, one aspect of global citizenship that is important in our new age of globalization is female entrepreneurship: women taking charge of new business ventures and start-up companies. Female entrepreneurship is growing at astonishing rates and businesswomen’s contributions aid greatly in the perpetuation of success for a country as a whole.

Photo: Female entrepreneur by Stephanie Sadler

In a recent Harvard Business Review article, titled “The Global Rise of Female Entrepreneurs,” writer Jackie VanderBrug estimates nearly 72 million jobs will be created globally by female entrepreneurs alone. On average, businesswomen reinvest ninety cents (US) of every additional dollar of income into supporting their family, community and country (as of 2013).

However, women cannot be successful in business if their community does not support them. The largest problem facing female entrepreneurs is the lack of support they receive culturally. Women building businesses in nations with developing economies are frequently combating a stereotype that they are less capable compared to men. Without the moral and fiscal support, women are stagnant and ineffective in the global business arena.

Photo: Female entrepreneur by Stephanie Sadler

But there is progress for women being made internationally! Organizations promoting female empowerment and leadership, such as The Center for Women’s Entrepreneurial Leadership, are providing an environment for young women to receive adequate education, training, and mentoring to reach their full potential. A commitment to being an educated global citizen starts with immersing yourself in opportunities to learn about and coexist with other cultures.

As global citizens, it is important to acknowledge and celebrate women’s accomplishments socially, economically, culturally, and politically and spread a positive image of women in business. This month, I encourage everyone to be a global citizen and to explore the possibilities of aiding organizations, like The Center for Women’s Entrepreneurial Leadership, and maybe even pursue international programs that work to support the women in our global community.

Thanks Lexie!

Topics: women's rights