Narrowing the global gender gap would have huge potential economic benefits. If every government helped its citizens catch up to the country in its region that has made the fastest strides toward economic gender parity, the total annual payoff in additional GDP could reach $12 trillion in 2025.
MUMBAI – Narrowing the global gender gap would have huge potential economic benefits. According to the McKinsey Global Institute (MGI), if every government helped its citizens catch up to the country in its region that has made the fastest strides toward gender parity, the total annual payoff in additional GDP could reach $12 trillion in 2025.
Gender parity is also a moral imperative, recognized in the United Nations’ Sustainable Development Goals (SDGs), which were adopted by 193 countries in 2015. Together with the aggregate economic payoff, investing in women and girls would transform millions of lives for the better.
The question, then, is how to realize these enormous gains. Achieving economic gender equality is not possible without working toward social gender equality. The two need to be tackled together. An important part of the answer, it turns out, lies in improving access to essential services such as education and family planning.
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The Taliban regime is behaving as expected, turning the country into a breeding ground for international terrorism, narcotics trafficking, and mass migration. There is no justification for attempts by US President Joe Biden's administration to engage with it.
views last year's disastrous US withdrawal as just the start of a long series of policy blunders.
Whatever their electoral implications, recent US legislative achievements – from the CHIPS and Science Act to the Inflation Reduction Act – portend a massive increase in long-term investment in America’s growth potential, and in balancing out the various dimensions of its growth pattern. It's a change that couldn't come too soon.
hopes that legislation like the CHIPS and Science Act signals a much-needed shift in US policymaking.
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MUMBAI – Narrowing the global gender gap would have huge potential economic benefits. According to the McKinsey Global Institute (MGI), if every government helped its citizens catch up to the country in its region that has made the fastest strides toward gender parity, the total annual payoff in additional GDP could reach $12 trillion in 2025.
Gender parity is also a moral imperative, recognized in the United Nations’ Sustainable Development Goals (SDGs), which were adopted by 193 countries in 2015. Together with the aggregate economic payoff, investing in women and girls would transform millions of lives for the better.
The question, then, is how to realize these enormous gains. Achieving economic gender equality is not possible without working toward social gender equality. The two need to be tackled together. An important part of the answer, it turns out, lies in improving access to essential services such as education and family planning.
To continue reading, register now.
As a registered user, you can enjoy more PS content every month – for free.
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