A number of women around the world depend on the private sector to meet their economic needs. In case women were granted greater empowerment, the likelihood of economic growth would boost manifolds. In developing countries empowering women is indispensable to support poverty elimination because women correspond to major part of the world living in poor economic conditions. Doing away with a considerable proportion of a country’s workers merely on the basis of gender may cause unfavorable consequences to the financial system of a country. Moreover, female representation in entrepreneurship, companies and counsels has been observed to have increased efficiency.
The women can cast prosperous impact on the general fiscal gains of a corporate body. When executed on a macro-scale, the representation of women in the personnel happens to enhance the gross domestic product of a country. This means that women do lend a hand to the growth of enterprises and economic concerns flourish when they have access to know-how and expertise in their service.
Impediments to the feminine empowerment
Most of the barriers posed to the process of women's empowerment and evenhandedness rest rooted in prevailing norms in a given culture. Majority of the women in such cultural settings directly or indirectly experience these forces. Many of them have got used to be treated second-rated in the male-dominating society. In situations wherein men legislators and NGOs are conscious of the prospects of women's empowerment and representation could have, yet most of them are afraid of compromising at their discriminate (male-dominating) position and happen to let social norms impede the process of women empowerment.
The research has produced some deviant predictions sometimes such as the greater the number of women access the web the greater will be the factor of women exploitation. Leaving profile information on internet has rendered quite a number of women's life and privacy at stake. As per results of a survey about over 70% women have been reported to such kindda victimization or abuse just during the year 2010. The kind of abuse might be something like sexual harassment, fury, cyber pestering and pornographic messages.
Recent studies also show that women face more barriers in the workplace than do men. Gender-related barriers involve sexual harassment, undeserved hiring procedures, career regression, and uneven incentives, e.g. the wages of the women are smaller than the corresponding males for doing the same kind of work. These impediments render it hard for female workers to develop at workplace or get equal payment for the job they perform.
An instance of the global perspective of female empowerment
In the UK Department for International Development (DID) is endeavoring to redress the grievances of young girls in developing countries with regard to their empowerment. The study groups would record those corporate bodies which viably sought resourceful planning both from non-profit and the private sectors to promisingly access adolescent girls or women in the typical cultural setting of the developing country and extended assistance in terms of capital and vehicular support to market their ideas.