"This report unpacks why women's entrepreneurship is good for business and is essential for economic growth. Small to medium-sized enterprises (SMEs) are a key driver of economic growth, and women-owned enterprises account for approximately 30-37 percent (8-10 million) of all SMEs in emerging markets. As such, women are the fastest-growing market segment, they start businesses at a higher rate than men, and it is expected that they will create approximately 50 percent of new small business jobs by 2018. In developing economies, SMEs are increasingly important, as they contribute to nearly half of the labor force."