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…
Chollywood: Chinese Film Industry Set to Expand Rapidly
The French Lumière Brothers are credited with enabling the birth of modern cinema but since the 1920s this is indisputably
CFI Top 25 Most Powerful Individuals in Emerging Markets 2012
Few will argue about Vladimir Putin being the most powerful man in emerging markets this year. On the back of
CFI Top 40 Billionaires in Emerging Markets 2012
The list is dominated by billionaires from the BRIC economies (65% out of the total number of billionaires). Of these,
