Skip to main content

Gender eqaulity would boost GDP by as much as $28 trillion

Now here is a straight-forward way to boost GDP......by no less than $28 trillion, if a Report, from McKinsey & Co., as reported by Bloomberg, is right.

"Denying women full participation in the global economy is costly. McKinsey & Co. has now calculated by just how much.

Full gender equality would add 26 percent, or $28 trillion, to global gross domestic product in 2025, according to a new report by the consulting firm’s research and economics arm.


While capturing that potential may not be realistic in the short term, boosting women’s equality at the same rate as the fastest-improving nation in a region -- bringing Bangladesh to the level of Singapore, for instance -- would increase annual GDP by $12 trillion in 2025, the study said.


“Women are such a crucial part of society and they are an undertapped resource,” said Anu Madgavkar, a McKinsey Global Institute senior fellow and a lead author of the report. A $28 trillion increase in GDP roughly matches the U.S. and Chinese economies combined.


The report’s release coincides with the 20th anniversary of the UN’s declaration of a Platform of Action for women’s empowerment, which aims to ensure women achieve parity in economic, social, cultural and political decision making."
 

Comments

Popular posts from this blog

One Forbes List: A roll call of criminals, psychopaths and megalomaniacs

2016 has ended and there has been the inevitable list of the best of 2016 of this or that.     

The just published Forbes List of the Most Powerful People is another thing altogether.    It is truly shocking to think that those listed are as downright awful and the worst of humankind has to offer.....yet wield enormous power.     The Age newspaper in "Who's who list a roll call of criminals, psychopaths and megalomaniacs" provides the details.....

"It's that time of the year again. In an effort to celebrate or sum up, or maybe just expunge the events of a year that's just wound up, we've become obsessed with rankings. Top 10 Christmas hits, bestselling books, the most excruciating movie moments, the seven things we're doing to wreak havoc on our planet. This year, courtesy of US presidential election, we also have the top 20 fake news stories, the 10 steps for adjusting to a Trump presidency, and the best destinations for those that find they simply ar…

"Wake Up"

The message is loud and clear....and as you watch this, remember that it was on Israeli TV - not some anti-semitic or anti-Israel program somewhere in the world.


Happy New Year....not?

Credited to Mike Luckovich