| McKinsey Classics | September 2020 |
|
| The UN General Assembly convenes virtually this month, and the status of women is on the agenda, as it was during the September 2015 session. Earlier that month, the McKinsey Global Institute had issued The power of parity: How advancing women’s equality can add $12 trillion to global growth. MGI’s report showed that gender inequities are not only a moral and social conundrum but also an economic one: women accounted for half the world’s working-age population but for only 37 percent of GDP. That discrepancy robs the global economy of $12 trillion in wealth we could share if each country improved gender equality as quickly as the fastest-improving country in its region did. True gender equality everywhere would raise global GDP by up to $28 trillion. That’s the price of gender inequality.
|
| To learn how global wealth would soar if the employment status of women improved, read the report. For a current take on the issues in corporate America, join the Wall Street Journal’s Women in the Workplace Forum, starting September 30, to hear from McKinsey’s global managing partner Kevin Sneader. And on October 1, don’t miss a follow-on McKinsey Live session, 2–2:30 p.m. (US Eastern time).
|
|
 |
|
|
| Did You Miss Our Previous McKinsey Classics? |
|
|
|
| To learn how businesses can rise above the muddle and uncertainty now facing them, read “Delighting in the possible.” |
|
|
|
|
|
McKinsey Insights - Get our latest
thinking on your iPhone, iPad, or Android
|
|
|
|
|
|
|
|
Copyright © 2020 | McKinsey & Company, 3 World Trade Center, 175 Greenwich Street, New York, NY 10007
|
|
|
