The Working Women Windfall
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.
PS Events: Finance 3.0
Cryptocurrencies and blockchain-based technologies are here to stay. But what will their next chapter look like?
Join us for our live virtual event, Finance 3.0, to hear the world’s leading experts discuss how to maximize the benefits and mitigate the risks of the burgeoning new crypto industry.
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.
Register
orSubscribe now for unlimited access to everything PS has to offer.
Already have an account? Log in