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…
The Cornflake Revolution: How Breakfast TV Became a Staple of Britain’s Mornings
The race for ‘bright and early’ viewers began 40 years ago, and changed the way Britain woke up. Asign on
The Gilded Sanctuary: Inside the Last Bastion of the British Gentleman
From the smoky coffee houses of St James’s to the modern, inclusive hubs of the twenty-first century, the London club
The Unseen Shift: How Creeping Normality Rewrites Our World
Gradual, barely perceptible shifts can normalise the unacceptable—reshaping everything from corporate decision-making to ecosystems and civil discourse. Understanding “creeping normality”
