Παρασκευή 23 Οκτωβρίου 2015

IMF: The entrance of more women in work raises the growth rate

IMF: The entrance of more women in work raises the growth rate




Growth in major economies can be significantly increased if the number of women added to the workforce and if you close the gap of gender inequality in health and education, said the International Monetary Fund (IMF) to report that was published yesterday .

The report of the IMF comes at a time of increasing debate about how we can deal with the slowing global growth and especially the disparity in income between men and women.

This inequality is higher in states emerging or low economic fundamentals, exactly what can and would benefit most from the change.

Economists IMF concluded that although improved by one point in the UN index of gender inequality - which index calculates factors of maternal mortality through the education and participation of women at work - could improve the development of a country by one percentage point.

If the United States reached the level of Slovenia, for example, which is first in the world on an equal pay between the sexes, could the economy grow nearly 2.5% faster, according to Reuters calculations. According to IMF projections earlier, the growth in the US this year will reach 2.6%.

For China, a similar improvement wage level would add nearly 2% in growth, while for Brazil, would add approximately 4%, using the parameters given by the IMF report for women.

Presenting the report at an event of the humanitarian organization Oxfam, the director of the IMF Christine Lagarde urged low-income countries to invest more in health and education, and said that the advanced economies will need to raise women's wages and to provide paid parental adiea and child care at affordable prices.

The Lagarde, the first woman director of the IMF, has reignite the interest of the international financial organization to strengthen the role of women in the global economy, arguing that it can provide more and better development opportunities.

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