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Just Other Articles - Empowering Women in Developing Countries
As women entrepreneurship plays an important role in the development and growth of
developed countries, the importance of promoting women in economic activities is being
increasingly realized in all developing countries According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product , too. Empowering women by bringing them
into the mainstream of development and by improving their economic status and providing
them with new employment opportunities for income generation, self-employment and
entrepr ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug. Examples of combination products may in eneurship in different socio-economic sectors is noticeable. Experience demonstrates that there are a large number of women in most developing countries, capable of and willing to be involved in economic activities. An lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together. important tool of women empowerment is micro credit,
which has been accepted as an effective tool for poverty alleviation and an approach to
development. Micro credits have become exceptionally popular especially in dev here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe eloping
economies.” A specific solution for solving women’s difficulties in obtaining financing has
been micro financing. Micro finance appears therefore to offer a “win-win” solution, where both
financial institutions d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations. Combination pro and poor clients benefit (Murdoch, 1999). “ Women in Africa today represent 52% of population that is 805 million. Therefore, they should be seriously considered and investment made towards their education as well as in ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc their
employment in the formal sector of the economy. Micro credits are especially important for
starting their own businesses, considering the increasing interest among women who tend to
become or already are entrepr easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi neurs. Studies of Yoruba women in Nigeria, has revealed all of
the attributes of women entrepreneurs. These women have been engaged in commercial or
trading activities since pre-colonial times (Akinwumi, 2000). Akinwumi nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically mentioned two types of
women entrepreneurs: “Aljapa” (who are itinerant traders) and “Alarobo” (who are described as
petty traders). Actually, they are described as very prudent businesswomen. These women have
started and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ to take important political positions in their environments, thus increasing their status
and positions due to the wealth gained through trading activities. Interestingly, these women
entrepreneurs started micro or smal ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi l businesses with minimum finances and without sufficient
knowledge about new businesses. This research also shows that women develop their
businesses but mostly in informal sector with certain exceptions. According to ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it. Following aspects would a United Nations Development Program (UNDP), 2004, it could be concluded that
Africa has only 6% of female work force on higher positions, like managers and executives in
larger companies. In addition, 23% of women in Af dd to the challenges in developing combination products: Which markets to tap where the combination products can do fairly well? Which combination prod ica work in service branches and 5% had
employed in industry. Namely, women in Africa, work in agriculture and in food production
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and much less in non-agricultural branches. This is understandable, because there is o cts are meaningful and rational? Which therapeutic categories to select? Which Combinations can address unmet needs of the patients? Do combin n the one
side the deficit of food in many African countries and on the other side, there is woman’s need
to support and to help family to survive. Accordingly, women do very hard work without
specified working hours o tions increase the patient compliance? What would be the developing cost? How to tackle the risks encountered during combination product developmen the estate, by doing household work, selling on the market, etc.
Despite that, African women still did not gained respect in society which they, by their work
engagement, deserve. Beside difficult working conditions, t? As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel African women face another problem. According to
statistical data from, Addis Ababa-based Economic Commission of Africa (ECA) – provide
around 58% of all African women are HIV infected (Akinwumi, O ,2000) .Despite this
ping new procedures for reviewing their safety, efficacy and quality. Professional from academic institutions, pharmaceutical industries, health care indust problem, a number of women still manage to fight for greater rights and to take part in politics
in their countries. These women have demonstrated their abilities and showed that they should
be seriously considered as i y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products mportant in the political and economic spheres in their societies.
Therefore, nongovernmental organizations around the world are now creating and implementing
projects to encourage entrepreneurship as a pathway out of p . As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de verty. Many programs specifically
target women in Third World countries. This organization has helped dozens of low-income
women start their own businesses. Read more about this topic in the book ,"Entrepreneurship: Th elopment. They need to be wiser in analyzing the market trends and the regulatory requirements. Companies that provide selfless information through particip eoretical and Practical Guide on All Aspects for Starting Successful Small Business"(Paperback) ,306 pages,2006. http://www.amazon.co.uk/exec/obidos/tg/stores/detail/-/books/8690372792/customer-reviews/203-4666790-532394 tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products
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