The Determinants of Women Entrepreneurship in Developing Economies: Evidence from the Literature

Abstract

Women entrepreneurship plays a pivotal role in socioeconomic development, particularly in developing economies, where it contributes to job creation, poverty reduction, and economic growth. Despite its significance, women entrepreneurs face multifaceted challenges rooted in economic, social, cultural, and institutional barriers. This study synthesizes existing literature to explore the determinants of women entrepreneurship in developing economies, focusing on regions such as East Asia, Africa, South Asia, and Western Asia. Key findings reveal that access to financial resources, societal norms, legal frameworks, education, and support systems significantly influence women's entrepreneurial activities. While necessity-driven entrepreneurship predominates in these regions, women also encounter gender-specific obstacles, including limited access to capital, discriminatory laws, and cultural constraints. The paper highlights the importance of addressing these challenges through targeted policies, enhanced educational opportunities, and supportive institutional environments to foster gender-inclusive entrepreneurial ecosystems. By bridging the knowledge gap, this research aims to inform policymakers and stakeholders in creating conducive conditions for women entrepreneurs, ultimately promoting economic empowerment, and reducing gender inequality in developing economies.