Article NC9K Tackling gender inequality could add $12tn to world economy, study finds

Tackling gender inequality could add $12tn to world economy, study finds

by
Heather Stewart
from Economics | The Guardian on (#NC9K)

Researchers say extra GDP output could come from reforms, such as allowing more women in workforce in countries where they currently face restrictions

Tackling gender inequality and boosting women's opportunities in the labour market could add $12tn (7.8tn) to annual global GDP over the next decade, according to new research.

The McKinsey Global Institute has measured gender inequality across 95 countries, using 15 different indicators, including not just women's role in the workplace, but everything from the availability of contraception to access to bank accounts.

Related: We need a sexual revolution in economics

Related: A radical fix to the world's wage gap: why not just pay women more - and pay men less? | Jessica Valenti

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