In the past 10 years, the increase in female employment in developed economies has contributed more to global growth than China. Does that surprise you? “A guide to womenomics”, an article in this week’s Economist magazine (4/15/2006), highlights the positive and impactful role of women’s participation in many things economics, financial, and corporate. Some of the other interesting (and perhaps controversial) items mentioned:
- A basket of Japanese stocks selected by Goldman Sachs because they ought to benefit from women’s greater purchasing power outperformed the Tokyo stockmarket 96% to 13% over 10 years
- Corporations with more women in senior positions earn a higher ROE than those that have fewer
- A study by Digital Look found that women make better investors than men
- Countries with higher female employment rates have higher fertility rates than those with lower participation
- The best way to boost prosperity in developing countries is to educate girls
This article is sure to draw letters from readers in forthcoming issues. I love articles that question mainstream thought and am a woman in finance myself.
But with so many of the items above mentioned just in passing in the article, I really would have liked to have seen references and details on the specific studies and points mentioned in the footnotes, especially coming from the Economist.
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