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Fostering Women's Entrepreneurship in ASEAN

Transforming Prospects, Transforming Societies

image of Fostering Women's Entrepreneurship in ASEAN

Entrepreneurship is a key means through which women can both empower themselves and contribute to inclusive and sustainable development. A vital part of this agenda includes the 61.3 million women who own and operate businesses within the ten member States of ASEAN. It is the particular challenges and opportunities that the recently introduced ASEAN Economic Community (AEC) will bring to women entrepreneurs which provide the impetus and focus for this report. The measures set out in the AEC Blueprint 2025 are expected to affect the prospects for SME growth in various ways. This publication proposes critical actions that can be taken by ASEAN governments to address the particular constraints facing women entrepreneurs — in association with the finance sector, entrepreneur associations, international agencies, civil society and other key actors — towards the realization of both the 2030 Agenda for Sustainable Development and the AEC Blueprint 2025.

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Growth, inclusion and equality

As women start to operate higher up in value chains, they will encourage many more women to take their fi rst steps in business and achieve economic’independence. These women in turn can acquire credit, buy property, save’ for the future, and improve their family’s well-being. As women entrepreneurs in general expand their networks and infl uence, they promote inclusive development on the national stage, creating a positive feedback loop for change.

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