Women's Economic Opportunity Index - Economist Intelligence Unit

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Women’s economic opportunityA new global index and rankingWage employees; Female/male ratioTertiary education, womenNumber of years in education654Correlation co-efficient 0.7232Sri Lanka10-10.0 0.2 0.4 0.6 0.8 1.0 1.2Wage employees; Female/male ratioFemale/male ratio. >1 means more female employees than male employees15. “Gender and SustainableDevelopment: Maximisingthe economic, social andenvironmental role of women”,OECD: Paris, 2008.16. ibid.manufacturing. The Index shows that Finland has the highest level of tertiary education for women, andTanzania the lowest.Many women face greater barriers than men to setting up businesses, owing to the fact that theirenterprises are often particularly small and concentrated in the retail or services sectors. (Evidencesuggests that companies with fewer than 20 employees face more than five times the administrativeburden per employee as larger firms. 15 ) According to the OECD, women have less confidence andunderstanding than men in making financial decisions, and are less linked to business networks or unableto afford business-related services. 16 This calls for training programmes in management to provide theskills needed to run a successful business. These programmes need to be affordable, easily accessible andtake into account women’s time burdens—working women, particularly working mothers, require trainingprogrammes that do not take them away from their families for an extended period of time, or which aresuitably timed. The existence of government or non-government programmes offering small- andmedium-enterprise (SME) support/development training indicator aims to capture these issues.Australia, Portugal and the UK score best on this indicator.A wide range of programmes to support female entrepreneurship exist in different countries. In Oman,which earns 4 out of 5 points on this indicator (see Appendix II for detailed scoring criteria), the Ministry31© Economist Intelligence Unit Limited 2010
Women’s economic opportunityA new global index and rankingof Manpower has run the Sanad programme (Self-employment and National Autonomous Development)since 2001. This programme is aimed at helping Omanis establish SMEs, and is available to both womenand men. Training courses run under the Sanad programme are often aimed at very specific groups,for example courses training women to become tailors, which therefore overcomes cultural problems.However, this means that course training for jobs regarded as “male” will be not be available to women,and might increase occupational segregation between the sexes. In addition to the Sanad programme,the Sharakah Fund for the Development of Youth Projects has been helping young Omani women set upsmall businesses since it was established with a donation from the Sultan.In Slovakia, the National Agency for Development of Small and Medium Enterprises (NADSME)organises training programs and conferences for doing business in Slovakia and abroad, and offersprogrammes targeted specifically at women. It also confers an annual “Businesswoman of the Year”award.In South Africa, networks such as the South African Women Entrepreneurs Network (SAWEN) have beenset up to focus specifically on the delivery of SME support to women. SAWEN brings together all women’senterprise groups, co-operatives, organisations and initiatives into a national umbrella body that canlobby for policies and programmes to support small women-owned enterprises.32© Economist Intelligence Unit Limited 2010
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Appendix IWomen’s economic opport
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Appendix IISources and definitionsW
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Appendix IIIPrincipal componentsana
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Cover image: Russ StreetWhilst ever
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Women's Economic Opportunity Index - Economist Intelligence Unit

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