The philippine regulatory frameworks, support policies, and initiatives encouraging women entrepreneurship

This paper examines the Philippine regulatory frameworks, support policies, initiatives, and barriers to encouraging women entrepreneurship. Currently, women entrepreneurship seems to be nurtured with the right environment, including regulatory frameworks, financial resources and support programs for, as well as business practices and social attitudes in the country towards women entrepreneurs and entrepreneurship in general. However, though many SME-friendly laws and policies exist, their implementation and even their bases need continuing assessment to further streamline their future implementation. Likewise, the fuller implementation of recent laws and the effectiveness of regulatory and related promotional measures need a thorough review. This will enable the SME sector, particularly women entrepreneurs, to contribute significantly to national development. Some of the gender-based barriers to implementing laws, policies, and programs in support of women entrepreneurship, such as the lack of institutional support; differences in social roles, cultural practices, capacities, and complexity of the process and cost of legal requirements to do business in the country, also need improvements. Since most interventions to encourage and strengthen women entrepreneurship come from the government, it must exert stronger political will and commitment to implement the required policies and support programs, in close partnership with the academe, employers, NGOs, and individual entrepreneurs.

Women Entrepreneurship ,

Entrepreneurship ,

Filipino Women Entrepreneurs ,

Regulatory Frameworks On SMEs ,