Women’s economic empowerment shapes global economy

A study about implementing women’s economic empowerment for shaping the global economy was conducted by Citibank, the Organisation for Economic Co-operation and Development (OECD), and the European Commission. The study aims to dig deeper in strengthening the role of women, not only in terms of the labour force, but also in terms of reaching higher positions and empowering them.

The study includes fresh case studies comparing countries, such as the US with Canada, and Italy with Sweden.

Women account for around 50% of the working age population globally, according to the report. However, in terms of female labour force participation (LFP), rates are consistently below male participation rates, even in advanced economies.