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…
Meet the Enigmatic Genius Who Changed Chess Forever
Few names in the classic game’s history shine as brightly as Bobby Fischer’s. From child prodigy to grandmaster, Bobby Fischer
Johan Thijs and KBC’s Transformative Support of Werchter Boutique Festival
Under the leadership of CEO Johan Thijs, KBC Group has been a steadfast supporter of Belgium’s Werchter Boutique Festival, blending
Is the MBA Still Worth It? Weighing Value, ROI, and Leadership Impact
In an era of rapid disruption, does the traditional MBA still hold its weight? We explore the enduring value of
