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Home » Gender Inequality Costs Economy Trillions, Study Claims

Gender Inequality Costs Economy Trillions, Study Claims

November 19, 2015
McKinsey

While all types of inequality have economic consequences, the McKinsey Global Institute (MGI) report, The power of parity: How advancing women's equality can add $12 trillion to global growth, focuses on the economic implications of lack of parity between men and women.

A “best in region” scenario in which all countries match the rate of improvement of the fastest-improving country in their region could add as much as $12tr, or 11 percent, in annual 2025 GDP. In a “full potential” scenario in which women play an identical role in labor markets to that of men, as much as $28tr, or 26 percent, could be added to global annual GDP by 2025. MGI’s full-potential estimate is about double the average estimate of other recent studies, reflecting the fact that MGI has taken a more comprehensive view of gender inequality in work.

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    KEYWORDS Business Strategy Alignment employment diversity glass ceiling Global Supply Chain Management HR & Labor Management McKinsey professional development Regulation & Compliance Supply Chain Analysis & Consulting supply chain employment supply chain jobs Supply Chain Management: human resources and labor management
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