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Article

26 Nov 2011

Author:
Economist

Closing the gap

Organisations ranging from the United Nations to the OECD and the World Bank are paying more attention to women. Some European countries have already introduced quotas to get more of them on company boards…Every self-respecting firm, bank, consultancy and headhunter is launching initiatives…on how to make the most of female potential…Since 1970 the proportion of women of working age who have paid jobs across the rich world has risen from 48% to 64%...This has been a great boon to all concerned…These additional workers are spending money, paying taxes and making the economy go round…Goldman Sachs, an investment bank, has calculated that eliminating the remaining gap between male and female employment rates could boost GDP in America by a total of 9%, in the euro zone by 13% and in Japan by as much as 16%...This special report will explore the reasons why progress in the rich world seems to have stalled and what can be done about it. [refers to Deutsche Bank]