Bridging the Gap: Gender Equality to add $28 Trillion to the Global Economy

Gender Equality

Gender Equality Would Add 26% or $28 Trillion to the Global Economy. It’s only logical to bridge the gender gap, especially given the stagnation many economies are facing.

For a while, women did not have the right to vote. This was absurd. Passed by Congress in 1919, and ratified on 1920, the 19th amendment guarantees all American women the right to vote. “Achieving this milestone required a lengthy and difficult struggle; victory took decades of agitation and protest. Beginning in the mid-19th century, several generations of woman suffrage supporters lectured, wrote, marched, lobbied, and practiced civil disobedience to achieve what many Americans considered a radical change of the Constitution. Few early supporters lived to see final victory in 1920.”

I wonder if women today will have to practice civil disobedience as they did nearly a century ago, or if stagnating economies (like ours) will simply see the logic in bridging the gap.

If women were to achieve full participation in the global economy, 26%, or $28 trillion, could be added to global gross domestic product by 2025, according to a new report.

McKinsey & Co.’s research shows that even though they make up half the population, women generate just 37 percent of world GDP. The potential gain brought about by economic gender equality would roughly equal the U.S. and Chinese economies combined.

Read the full article at Bloomberg, and the report here.