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The Power of Parity

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Narrowing gender gap would increase regional GDP by $1.1 trillion by 2025. If all countries in Latin America were to match the rates at which Chile is closing the gender gap in labor-force participation, and those at which Ecuador is pulling women out of agriculture, and eliminated other labor market inequities, the region could boost its gross domestic product by 14 percent, or $1.1 trillion, by 2025. According to a global study at the McKinsey Global Institute, Latin America’s potential economic gain from narrowing the gap is the second highest of any region. The Institute calculated the economic impact of […]
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