Sunday, September 18, 2011
Women the key to economic growth
Secretary of State Hillary Clinton met with diplomats from 20 other nations to pledge to lower the barrier for women entering and competing in the workforce. Barriers effecting women's participation range from not having the right to inherit land or businesses, or less access than men to land and good quality seed, in developing nations. In more developed economies women still earn less than men, and have fewer opportunities. Clinton shows, that she has great expectations for the effect that increased involvement of women in work will have for the world and it's economies.
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Im interested to see if Hillary Clinton effort will work since this issue has always been in the spotlight and its a big issue that is not solved yet. Statistically there are more female population than me too. I feel that if the barriers is broken down women will have more chances and opportunity to help with improve the economy. There are many good female CEOS out there.
ReplyDeleteI am also intrigued to see how this problem will be solved with Hilary Clinton as the backing for change. Women have always struggled when trying to get into the job market, especially in business. I take a look around in all my business classes and am lucky to see 5 girls out of sea of boys. Maybe with a powerful woman like Hilary, the gap might start to shrink.
ReplyDeleteOne really cool statistic in this article stated that in the United States specifically, the GDP would increase by 9% with barriers being lowered for women. With our recent focus on GDP, we can all see just how large a 9% increase is. Although our barriers for women are not as obvious as developing countries they are still there, and linger under the radar.
ReplyDeleteI appreciate the different approach to economic growth that Clinton is taking in this article. Eliminating women's barriers is not something widely being mentioned in creating economic expansion, but it's certainly an interesting idea. It begs the question of whether there are other groups who are barred from entering business as many women are in developing countries. Perhaps rather than expanding the opportunities for those already involved in the global economic systems, we should be incorporating more people who have not been involved in the system in the past.
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