Impact of the Pandemic
In many low-income countries, the extended family helps care for young children, so childcare options didn't disappear during the pandemic. Women in low-income countries were less likely than men to report business closures: 35.6% compared to 38.5%."Policies and interventions vary considerably from country to country and so do our findings," said Elam. Women entrepreneurs in low- and moderate-income countries were more likely to see government response as effective.
Cultural factors also influence startup activity. Rates for men and women are about the same in these cultural factors:That new business ownership is a high-status job.Startup rates tend to be highest in low-income countries, especially in Central and East Asia, the Middle East, and Africa.To be undeterred by fear.High-growth entrepreneurship is responsible for much of the economic impact, innovation, and job creation that spur economic growth.
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