Women Creating Wealth
I read an interesting article by JENARA NERENBERGT dated Dec 21, 2010 in the FAST COMPANY (partially copied below for convenience sake) that contains information that many readers of this platform will find exciting news.
I believe it is important for us to all understand the importance of entrepreneurship and creating wealth in the private sector. Altogether too often, there has been an over reliance on development aid and government assistance for funding. Clearly it has its place, but there is only so much government can or should do for my viewpoint. I certainly believe government should make laws and provide incentives that help create a healthy and vibrant economy. Once again, all too often I have observed governments that feel they must control (read that tax) the private sector which has had self-defeating end results.
This article demonstrates the importance of understanding the globalization process, and finding ways to create income streams....
"Massive Change Ahead in Middle East: Women Control $700 Billion and Counting
Wealthy female investors in the Middle East are increasingly focused on the environmental and social returns of their investments--not just financial returns. According to Gulf News, women control 22 percent of the region's assets, amounting to $700 billion--an amount expected to grow by 8% in the next four years--and $70 billion of that is their own personal wealth.
“You’re seeing women being much more confident about their wealth. They are not flaunting it, but it’s not just about buying designer bags and watches," said Shimi Shah, Chairman of Carousel Solutions, in the Gulf News report. “They want to do good, they are a lot more savvy about the region, and they’re talking about corporate social responsibility--that’s a very powerful message coming out now."
In addition to an increasing focus on the role and preferences of women investors in the Middle East, a focus on developing a culture of entrepreneurship among young people in the region is also emerging. The Dubai Women's College today kicked off the Innovative Entrepreneurship Education Conference, with a focus on young entrepreneurs."
( the entire article can be found following this link - http://www.fastcompany.com/1711446/wealthy-female-investors-in-the-middl... )