Closing gender gap could lift global GDP more than 20%, World Bank says
By Andrea Shalal
WASHINGTON (Reuters) — Ending discriminatory laws and practices that prevent women from working or starting businesses could raise global gross domestic product by more than 20%, which would double the rate of global growth over the next decade, the World Bank said on Monday.
The bank's 10th annual Women, Business and the Law report showed women on average have just 64% of the legal protections that men do, not the 77% previously estimated, and no country — not even the wealthiest — provides true equal opportunity.
The lower number reflects major deficiencies revealed by the inclusion of two new indicators — safety and childcare — in addition to pay, marriage, parenthood, workplace, mobility, assets, entrepreneurship and pensions.
The report assessed for the first time how 190 countries are implementing existing laws to protect women, finding what it called a «shocking» gap between policy and practice.
«Women have the power to turbocharge the sputtering global economy,» said World Bank chief economist Indermit Gill, noting that reforms to prevent discrimination have slowed to a crawl.
The report said obstacles that women face in entering the global workforce included barriers to starting businesses, persistent pay gaps and bans on working at night or in jobs deemed «dangerous».
Women have barely a third of needed legal protections against domestic violence, sexual harassment, child marriage and femicide in the 190 countries studied, the report found.
Sexual harassment is banned in the workplace in 151 countries, but only 40 have laws banning it in public places. «How can we expect women to prosper at work when it is dangerous for them just to travel to work,» Gill said.
Women also spend an average of 2.4
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