Are Women the Most Underutilized Resource in the World?
In September of 2015, the McKinsey Global Institute (MGI) released a study examining the potential impact that gender parity could have on the global economy. The results were nothing short of amazing.
Two scenarios were considered. The first, representing only minor improvements to equality, in which each country matched gender equality rates in the most “progressive” country of its region, would lead to the addition of $12 trillion in annual 2025 GDP, a total of 11%. The second representing complete parity, in which each country realized full gender equality, would lead to the addition of $28 trillion in annual 2025 GDP, a total of 26%.
Women have since been dubbed “the next China,” but a female economy of $28 trillion is actually about three times the size of China’s GDP, so even such a formidable nickname doesn’t do the female economy justice. To read more about the 15 gender equality indicators used, the ten most influential impact zones identified, and the six types of intervention necessary to bridge the gender gap, follow the links below.