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…
When Wheels Fall Off a Gender-Balance Bid by a Wall St Hedge Fund, It Turns to Woman vs Man
Fair Play, screening on streaming service Netflix, shows that entrenched, society-imposed values can be hard for individuals to shake off…
Luxury Living: Music Delivered the Old-Fashioned Way
The news of its death was greatly exaggerated. Sales of vinyl records are spinning through the roof. According to Nielsen
La Maison Guerlain: Its Sweet History Sure Smells of Success
The House of Guerlain story begins in 1828, when Pierre-François Guerlain opens his first boutique on Rue de Rivoli, Paris,
