Unlocking the full economic potential of women in the Pacific could lead to a significant increase in GDP per capita, with estimates suggesting an average boost of 22%. This information comes from the Digital Economy Report Pacific Edition 2024, which highlights the persistent underrepresentation of women in the digital economy, even as the region witnesses substantial digital growth.
Chad Morris, the UN Trade and Regional Manager, emphasizes that while digital entrepreneurship has the potential to empower women through flexible income opportunities, many face critical barriers. He notes that a large number of women are confined to informal, lower-paid jobs and undertake most unpaid caregiving responsibilities, which limits their overall economic participation.
Cultural norms, restricted access to financing, and inadequate digital literacy are cited as significant hurdles. Moreover, Morris points out that the support systems for women entrepreneurs are often fragmented, lacking access to necessary networks, mentorship, and sustained funding. Inclusive policies, regulatory reforms, and investments in innovation hubs and digital skills training are crucial for overcoming these barriers.
The report suggests utilizing nontraditional funding avenues, such as microfinance and crowdfunding, can help women gain access to early-stage capital, addressing the gender gap still prevalent in the region.
Similar articles have previously reported on ongoing initiatives to enhance digital connectivity and skills in the Pacific. For instance, recent programs focus on empowering Pacific women and youth with critical skills for jobs in the global tech sector, including mentorship and networking opportunities. The establishment of organizations like the Women in Tech Fiji chapter aims to support women in navigating the digital landscape.
As this momentum continues, there is hopeful potential for enhanced gender equality and economic empowerment in the Pacific, fostering an environment where women can thrive professionally and contribute meaningfully to their communities and the broader economy.
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