Higher Growth When More Women Work
Christine Lagarde
“Employers who don’t offer equal opportunities to women simply ignore a large part of the skilled workforce. In many countries, growth could be much higher if more women were in paid employment. In Japan, for example, raising the female labour force participation rate to Northern European levels would permanently raise per capita GDP by 8 per cent. Women also have great entrepreneurial potential. For instance, women-owned companies represent between 30 and 40 per cent of formal small and medium-sized enterprises in emerging markets. Also, raising women’s incomes will improve education levels, as research shows that women spend a larger share of their income on the welfare of their children.”
Christine Lagarde, President, IMF
International Women’s Day, March 8th 2013
You may have an interest in also reading…
Sir Alex Ferguson: The Formula of Success as Told by an Endearing Control-Freak
Becoming the most successful and admired manager in the history of British football is no mean feat by any standard.
Maserati on Value Creation: Trident Badge and a Heady Rumble Mean Business, On the Road and In the Showroom
How many syllables would you like with your supercar? One? Porsche will do nicely. Two? Bentley, please. Three? Ferrari, of
The World: Sail Into a Life of Luxury and Adventure
Imagine waking to a view of the Sydney Opera House, and a few weeks later taking breakfast on the Mediterranean
