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Labor Markets

How advancing women’s equality can add $12 trillion to global growth

– A new McKinsey Global Institute report finds that $12 trillion could be added to global GDP by 2025 by advancing women’s equality. The public, private, and social sectors will need to act to close gender gaps in work and society.

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The power of parity: Advancing women's equality in the United States

– Every state and city in the United States has the opportunity to further gender parity, which could add $4.3 trillion to the country’s... economy in 2025.

Connecting talent with opportunity in the digital age

– Online talent platforms are increasingly connecting people to the right work opportunities. By 2025 they could add $2.7 trillion... to global GDP, and begin to ameliorate many of the persistent problems in the world’s labor markets.

Global flows in a digital age

– The movement of goods and services, finance, and people has reached previously unimagined levels. Global flows are creating new... degrees of connectedness among economies—and playing an ever-larger role in determining the fate of nations, companies, and individuals. To be unconnected is to fall behind.

A tale of two Mexicos: Growth and prosperity in a two-speed economy

– A modern, fast-growing, highly productive economy and a traditional, low-productivity one are pulling in opposite directions,... reducing GDP growth and progress in living standards.

Game changers: Five opportunities for US growth and renewal

– Five catalysts can reignite the US economy—opportunities in energy, trade, technology, infrastructure, and talent development... can add hundreds of billions of dollars to annual GDP and create millions of new jobs by 2020.

Investing in growth: Europe's next challenge

– Private investment was the hardest-hit component of Europe’s GDP between 2007 and 2011—but it can also be a major driver of the... region’s recovery.

Manufacturing the future: The next era of global growth and innovation

– Manufacturing remains a critical force in both advanced and developing economies. But the sector has changed, bringing new opportunities... and challenges to business leaders and policy makers.

Africa at work: Job creation and inclusive growth

– The world's second-fastest-growing region must speed up job creation to sustain its successes. By focusing on labor-intensive... sectors such as agriculture, some types of manufacturing, and retail and hospitality, African nations could boost the number of new wage-paying jobs from 54 million on current trends to 72 million by 2020.

The world at work: Jobs, pay, and skills for 3.5 billion people

– Strains on the global labor force are becoming painfully evident. Market forces will fail to resolve demand and supply imbalances... for tens of millions of skilled and unskilled workers.

French employment 2020: Five priorities for action

– Unemployment is rising. Unless it comes down, France won’t be able to sustain its beleaguered social safety net.

Trading myths: Addressing misconceptions about trade, jobs, and competitiveness

– MGI analyzes the performance of mature economies’ tradable sectors. We found that reality is often at odds with conventional wisdom.

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