A key role of women as economic actors

“Women have been the foundational support of traditional societies. The contemporary liberation only benefits the individuals to the detriment of societal benefit. This then weakens the human transition process.”

It is a known fact that women play key roles in society as indicators of the evolution of lifestyle. This observation has been acknowledged in my analysis of their role in the economic development within ethnic communities.

For some time, we have been claiming for women’s liberation within the traditional household settings. The perceptions on balance and challenges in communities were redefined with the advent of various movements that brought these causes forward. In less than a century, women became key players in various economies, not only because of their financial contributions to the households but also for their decisive roles in consumption patterns as well as savings and investments. With access to employment and/or entrepreneurship as well as opportunities to be among the heads of the economic structure, the impact of women would be an unquestionable reality to be reflected in the statistics.

We are moving from a fight for liberation to a strategic and better representation in decision making on behalf of the group. The economic realities with the classical male dominated definition and roles as support in terms of resources could no longer permit the assumption of business initiatives, needs and risk management or just a household management.   Women are essential in performing roles that go beyond being a mere secondary partner to a main pillar of support. At societal level, there are some risks that are inherent to financial independence including the questioning on natural completeness and reshaping communities.

Within the informal economy as well as ethnic entrepreneurship, women have shown an unflinching realism in developing business projects that often clashes with the current sophistication of masculine ideas. These had favourable receptions from investors, both individuals and institutions, thanks to their guarantee on management, reliability and sustainability. As a matter of fact, women tend to remain in business longer than their male counterparts and are more likely to expand their businesses.

We are in the era of time where realities tilt and bring to lead those who have long been mistress. For women, the creation of wealth and value goes beyond the sense of affirmation that they have cultivated throughout their years of experience in struggle. The new business attitude involves the judicious allocation of responsibilities for financial stability between partners and inviting them to a male’s emancipation as pioneers in defining a new direction for humanity.