Authors : Aniruddha A. Kulkarni
Page Nos : 134-136
Description :
Globalization is a term that includes a wide range of social and economic variations. It can encompass financial trends and global market expansion. There ought to be positive and negative effects of globalization. Globalization helps in creating new markets and wealth at the same time. It is responsible for extensive suffering, disorder and unrest. In the era of Liberalization, Privatization and Globalization along with ongoing IT revolution, today’s world is changing at a surprising pace. Political and Economic Transformations appear to be taking place everywhere. These changes have created economic opportunities for women who want to own and operate businesses. The relationship of economic activity among women to a country economic growth shows that there is a distinct and strong correlation between female entrepreneurship and GDP growth. when it comes to defining the rational of female entrepreneurship, there are two important arguments: the economic augment which focuses on utilisation of human resources forming around fifty percent of the population without overburdening the employment market; and social environment, which deals with development of self esteem and a sense of ‘self’ creation of an entrepreneurial society transcending the gender divide.
Keywords: Globalization, Privatization, Liberalization, Entrepreneurship, Women Entrepreneurs
