The Power of Parity: How Advancing Women’s Equality Can Add $12 Trillion to Global Growth

These flashcards cover key concepts from 'The Power of Parity' report by McKinsey, focusing on gender equality's economic impact.

What is the potential additional GDP growth from achieving gender equality in labor markets by 2025 according to the McKinsey Global Institute?

$28 trillion in a full-potential scenario.

What GDP increase could be achieved if all countries matched their best regional improvements in gender parity?

$12 trillion in annual GDP by 2025.

What is the relationship between gender equality in society and gender equality in work?

High gender equality in society is linked to higher gender equality in work; virtually no countries have high equality in society but low gender equality in work.

What is the Gender Parity Score (GPS)?

A measure that reflects the distance each country has traveled toward achieving gender parity, established by McKinsey Global Institute.

What are the categories of the 15 gender equality indicators analyzed by MGI?

1. Equality in work; 2. Essential services and enablers of economic opportunity; 3. Legal protection and political voice; 4. Physical security and autonomy.

What role does unpaid care work play in gender inequality?

Women perform 75% of unpaid care work worldwide, limiting their participation in the formal workforce.

What six types of intervention are needed to bridge the gender gap according to the MGI?

1. Financial incentives and support; 2. Technology and infrastructure; 3. Creation of economic opportunity; 4. Capability building; 5. Advocacy and shaping attitudes; 6. Laws, policies, and regulations.

What are the 'impact zones' identified by MGI to address gender inequality?

1. Blocked economic potential; 2. Time spent in unpaid care work; 3. Fewer legal rights; 4. Political underrepresentation; 5. Violence against women; 6. Low labor-force participation in quality jobs; 7. Low maternal and reproductive health; 8. Unequal education levels; 9. Financial and digital exclusion; 10. Girl-child vulnerability.

Which regions have the lowest and highest Gender Parity Scores?

Lowest: South Asia (excluding India) at 0.44; Highest: North America and Oceania at 0.74.

Why is gender parity economically beneficial?

Closing the gender gap can significantly boost global GDP by leveraging the economic potential of women, who currently contribute disproportionately less compared to their representation in the working-age population.