There’s a 257-year wait for eco­nomic gen­der gap to close

Muscat Daily - - BUSINESS -

London, UK -

WEF Cen­tre for the New Econ­omy and So­ci­ety.

For its part, the fo­rum has com­mit­ted to at least dou­ble the cur­rent per­cent­age of women par­tic­i­pants at its an­nual meet­ing in Davos by 2030.

The re­port did con­tain some pos­i­tive de­vel­op­ments: The global gen­der gap - which ac­counts for health, ed­u­ca­tion and pol­i­tics along­side eco­nom­ics - has im­proved, thanks largely to a greater num­ber of women in pol­i­tics. Still, the cur­rent tra­jec­tory for clos­ing it is al­most 100 years.

The WEF does of­fer some rea­son for hope for faster progress. In many coun­tries, in­creased po­lit­i­cal em­pow­er­ment cor­re­sponds with higher num­bers of women in se­nior roles, in­di­cat­ing there could be a ‘role model ef­fect’ that would help close eco­nomic dis­par­i­ties.

In one sign of that trend, Kuwait ap­pointed Mariam al Aqeel as Fi­nance Min­is­ter on Tues­day, mak­ing her the first woman in the Gulf re­gion to hold such a post.

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