SEXISM is not just wrong. It is also expensive. Latin America has made progress in bringing women into the workforce (see article). But their participation rate still lags far behind that of men. If the gap were closed, the region’s GDP per person would be 16% higher, estimate David Cuberes of Clark University in Massachusetts and Marc Teignier of the University of Barcelona.
In a new paper these two economists also looked at the economic effects of gaps in the rates at which men and women run businesses. Latin American women are relatively enterprising. The effect of the difference between male and female entrepreneurship is smaller in the region than it is, for example, in the United States. Still, if the difference were eliminated Latin America would be 4.7% richer per person, they claim (see chart).
Labour-force participation rates vary widely. In Mexico, the second-largest economy in Latin America, and in Chile, one of the most advanced, it is much...
from The Economist: The Americas http://ift.tt/1JlwUmn
No comments:
Post a Comment