This year’s International Women’s Day “Women in the Changing World of Work: Planet 50-50 by 2030” places great emphasis on equality and economic empowerment. When countries give women greater opportunities to participate in the economy, the benefits extend far beyond individual girls and women but also to societies and economies as a whole. Addressing gender gaps in accessing good quality jobs is not just the right thing to do from a human rights perspective; it is also smart economics. A recent study shows that raising labor participation of women at par with men can increase GDP in the United States by 5 percent, in the UAE by 12 percent and in Egypt by 34 percent.
Egypt, Arab Republic of
Over the past decade and a half, Sub-Saharan Africa has experienced rapid economic growth at an average annual rate of 5.5%. But since 2008, the share of manufacturing in GDP across the continent has stagnated at around 10%. This calls into question as to whether African economies have undergone structural transformation – the reallocation of economic activity across broad sectors -- which is considered vital for sustained economic growth in the long-run.
I am back to Same, Ecuador for the holidays. People here are busy getting ready to receive the tourists. Most will come after Christmas though, so things are still quiet. It's a good time to look back at the year and see what has happened on the jobs front.
For the Middle East and North Africa, a major challenge is creating meaningful and plentiful job opportunities. How can this be done? We spoke with Neveen El Tahri, Chairwoman and Managing Director of Delta Shield for Investment, an organization she founded to mentor Egyptian entrepreneurs.