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The Power of Parity: How Advancing Women's Equality can Add $12 trillion to Global Growth

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  • Jonathan Woetzel

Abstract

In this report, MGI explores the economic potential available if the global gender gap were to be closed. The research finds that, in a full-potential scenario in which women play an identical role in labor markets to men’s, as much as $28 trillion, or 26 percent, could be added to global annual GDP in 2025. This estimate is double that of other studies’ estimations, reflecting the fact that MGI has taken a more comprehensive view of gender inequality in work.

Suggested Citation

  • Jonathan Woetzel, 2015. "The Power of Parity: How Advancing Women's Equality can Add $12 trillion to Global Growth," Working Papers id:7570, eSocialSciences.
    • Handle: RePEc:ess:wpaper:id:7570
    Note: Institutional Papers
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    References listed on IDEAS

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    1. Selamah Abdullah Yusof & Jarita Duasa, 2010. "Household Decision-Making and Expenditure Patterns of Married Men and Women in Malaysia," Journal of Family and Economic Issues, Springer, vol. 31(3), pages 371-381, September.
    2. repec:iza:izawol:journl:y:2014:p:87 is not listed on IDEAS
    3. Sher Verick, 2014. "Female labor force participation in developing countries," IZA World of Labor, Institute of Labor Economics (IZA), pages 1-87, September.
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    2. Annabel Dulhunty, 2022. "The microcredit continuum: From ‘smart economics’ to holistic programming," Journal of International Development, John Wiley & Sons, Ltd., vol. 34(6), pages 1213-1226, August.
    3. Amanda E. Devercelli & Frances Beaton-Day, 2020. "Better Jobs and Brighter Futures," World Bank Publications - Reports 35062, The World Bank Group.
    4. Amjad Naveed & Nisar Ahmad & Amber Naz & Aziza Zhuparova, 2023. "Economic development through women’s economic rights: a panel data analysis," International Economics and Economic Policy, Springer, vol. 20(2), pages 257-278, May.
    5. Isabel Fernandez-Mateo & Sarah Kaplan, 2018. "Gender and Organization Science: Introduction to a Virtual Special Issue," Organization Science, INFORMS, vol. 29(6), pages 1229-1236, December.
    6. repec:spo:wpmain:info:hdl:2441/14c56gh1hq9d1qglmadaub8jc9 is not listed on IDEAS
    7. Hélène Périvier & Réjane Sénac, 2018. "The new spirit of neoliberalism: equality and economic prosperity," Post-Print hal-02403971, HAL.
    8. Eunjung Koo, 2021. "A Pluralistic insight on care value: Exuding from sharing gift of unpaid work at home," Gender, Work and Organization, Wiley Blackwell, vol. 28(4), pages 1413-1425, July.
    9. Brindusa Anghel & J. Ignacio Conde-Ruiz & Ignacio Marra de Artíñano, 2019. "Brechas Salariales de Género en España," Hacienda Pública Española / Review of Public Economics, IEF, vol. 229(2), pages 87-119, June.
    10. World Bank, 2023. "Unlocking Women’s and Girls’ Potential: The status of women and girls relative to men and boys in Guinea [Libérer le Potentiel des Femmes et des Filles: Le statut des femmes et des filles par rappo," World Bank Publications - Reports 39798, The World Bank Group.
    11. Julia Behrman & Sara Duvisac, 2017. "The relationship between women's paid employment and women's stated son preference in India," Demographic Research, Max Planck Institute for Demographic Research, Rostock, Germany, vol. 36(52), pages 1601-1636.
    12. Hélène Périvier & Réjane Sénac, 2018. "The new spirit of neoliberalism: equality and economic prosperity," SciencePo Working papers Main hal-02403971, HAL.
    13. Rajesh Gupta & Vaibhav Bhamoriya, 2021. "‘Give Me Some Rail’: An Enquiry into Puzzle of Declining Female Labour Force Participation Rate," Management and Labour Studies, XLRI Jamshedpur, School of Business Management & Human Resources, vol. 46(1), pages 7-23, February.
    14. Marina Kovaleva & Walter Leal Filho & Christian Borgemeister & Jokastah Wanzuu Kalungu, 2022. "Understanding Needs and Potentials for Gender-Balanced Empowerment and Leadership in Climate Change Adaptation and Mitigation in Africa," Sustainability, MDPI, vol. 14(15), pages 1-27, August.
    15. Cao Minh Tuan & Ji Yong Lee & Rodolfo M. Nayga & Duong Tu Quach, 2024. "Can women empowerment enhance rice productivity? The case of Vietnam," Sustainable Development, John Wiley & Sons, Ltd., vol. 32(6), pages 6274-6285, December.
    16. Borooah, Vani, 2023. "Epilogue," MPRA Paper 123308, University Library of Munich, Germany.
    17. Fletcher-Brown, Judith & Pereira, Vijay & Nyadzayo, Munyaradzi W., 2018. "Health marketing in an emerging market: The critical role of signaling theory in breast cancer awareness," Journal of Business Research, Elsevier, vol. 86(C), pages 416-434.
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