30 June 2012, 17:18

Women and the Economy Forum passes with flying colors

Women and the Economy Forum passes with flying colors

Are you a business woman in need of advice on how to balance your family, personal life and career? Do you want to know more about business networking? Then, the second 2012 Asia-Pacific Economic Cooperation (APEC) Women and the Economy Forum held in Russia’s St Petersburg is exactly what you need.

Delegations from 21 APEC countries have gathered to talk about cross-cultural issues and problems women can face when pursuing a career in business. Elizabeth Vazquez, CEO of the non-profit organisation WeConnect believes that the best way to achieve the right balance which will enable women to avoid these troubles is to try and work out these problems with men.

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The Russian delegation didn't have many complaints – in the last three years, the number of women occupying top management positions has increased by 40%. A lot of international investors prefer female CEOs, says vice-president in charge of economic and legal affairs of the Women in Business organization Marina Moskalenko.

"International investors want to work with women. They believe that if a woman can handle children, she can handle everything. Women know best how to improve things just like we know what is good for our family and friends for whom we care and for whose benefit we work."

Female-managed business is safer to invest in, believes Yolanda Vega Chief Executive at Australian Women Chamber of Commerce.

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The forum was attended by the US Secretary of State Hillary Clinton as the idea for this forum originated in the US. Last year, the US hosted the Forum in an attempt to fully engage women in the economic process. This year it was held in Russia as Russia currently presides over APEC and Indonesia’s Bali will be the forum’s next venue.

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