Gender Equality’s Effect on the Economy
At a meeting in Stockholm on the 16th October, ministers responsible for gender equality, finance and economics discussed, ‘Does gender equality boost economic growth?’. The conference discussed how and why gender equality is important in achieving long-term, sustainable economic growth in the EU also with a view to the future shape of the EU’s strategy for growth and jobs after 2010. EU Commissioner for Equal Opportunities Vladimír Špidla said: “In many countries, there are clear links between high GDP per capita and higher labour market participation by both women and men. Those countries with the highest female employment rates and more women in top jobs are often the stronger economic performers.”
According to a study discussed during the conference, there are major benefits to be gained from enhancing gender equality. Calculation of a maximum value of these gains shows that there is a potential for increased GDP of between 15 and 45% in the EU Member States if gender gaps in employment were eliminated. Which equality policy initiatives are required to improve the situation of women in the labour market and how to maintain good gender equality policies even in times of deep economic crisis were discussed. For additional information on the Conference and ministerial meeting, the economic case for gender equality, the Swedish expert report or statistical figures on equality between men and women, contact us at office@european-diversity.com.
