Joint research recently conducted by Accenture and WEConnect International, and supported by The American Chamber of Commerce (AmCham) Singapore, emphasizes the benefits of growing the number of women-owned businesses to strengthen and accelerate the economic growth and productivity of Singapore.
We found that women-owned businesses are underrepresented in Singapore, making up just 27% of all businesses, and 13% of sales. Other countries such as the United Kingdom, Canada and Switzerland, have similar representation, while the number of women-owned businesses in New Zealand and the United States is higher.
Getting to equal would be breaking new ground among nations, something that Singapore has accomplished in many other economic arenas. It would be of great value to the economy and it would present the way forward for other countries with similar ambitions.