Women entrepreneurs in the Middle East and North Africa (MENA) face many barriers to finding resources to help them launch and grow successful businesses. But increasingly, governments, investors and multinational companies are recognizing and tapping into the value of empowering women economically in the region and around the world.
Has corporate business as usual reached its peak? That’s the implication of a new report by the McKinsey Global Institute, as reported in The Economist. On the one hand, the report finds that corporate profits have more than tripled from 1980, rising from 7.6 percent of global GDP to 10 percent, of which Western companies captured more than two-thirds. On the other hand, the report notes, there’s increased competition—there are more than twice as many multinationals operating today as in 1990.