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Caribbean Girls Run Tings: Boosting Sales Growth

July 20, 2016 by Inder Jit Ruprah Leave a Comment


Most studies on women-owned or -managed firms have found that such firms perform more poorly than do men-owned or -managed firms. However, a forthcoming report by the Inter-American Development Bank[1] has found some interesting data on Caribbean firms led by women. Indeed, unlike other regions in the world, Caribbean firms led by women have higher sales growth than firms led by men.

According to the report, for a 10 percent increase in the incidence of female-owned business, growth sales, and hence employment, would increase by 1.6 percent in tourism countries and by 0.8 percent in commodity countries. On the other hand, if the number of firms managed by women was to increase by 10 percent, sales growth would increase by 0.5 and 0.8 percent for tourism and commodity countries, respectively.

Country-level indicators suggest that gender parity, understood as relative access to education of males and females, is similar to the Caribbean and other small economies. Also, the participation of Caribbean women in management positions in the private sector is close to the average of small economies. Therefore, further analysis is needed to identify how Caribbean businesswomen are different from their peers around the world and how these characteristics contribute to their success in business.

[1] “An Engine of Growth? The Caribbean Private Sector Needs More Than an Oil Change”

 

 


Filed Under: Diversity & Inclusion, Economy & Investment Tagged With: Business, caribbean, data, economics, firms, gender, growth, Inter-American Development Bank, management, private sector, Sales, success, women

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Caribbean Dev Trends

We provide unique and timely insights on the Caribbean and its political, social, and economic development. At the IDB, we strive to improve lives in the Caribbean by creating vibrant and resilient economies where people are safe, productive and happy.

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