ENVIRONMENTAL & SOCIAL JUSTICE
Gender Parity is Essential for Economic Recovery: These five investments will quicken the pace
BY SAADIA ZAHIDI AND SILJA BALLER
“We don’t want to recover to where we were before, we want to transform the system where we are all at the table, valuing all identities and creating societies that thrive not just because it’s right, but because it makes economic sense.” — Gabriela Bucher, Oxfam, Annual Meeting 2023
• Progress towards gender parity has seen major setbacks in recent years and the risk of further regression is intensifying. • We are living through a time of poly-crisis, economic chasms have opened up with a disproportionate impact on women, people of co- lour, LGBTQI individuals and individuals with disabilities. • According to the 2022 Global Gender Gap Report, the two largest gaps remain in the realms of economic opportunity and political em- powerment. Progress towards gender parity has seen major setbacks in recent years and the risk of further regression is intensifying. The COVID-19 pandemic caused a generational loss, increasing the projected time to reach global gender parity from 100 to 132 years between 2020 and 2022. Women’s rights are under pressure around the world. Not only are millions of women and girls losing out on access and opportunity, these reversals also have wide-ranging consequences for the global economy. At the same time, women continue to pioneer new firsts, rising to positions of power never previously held by a woman in public and private sector leadership. For the first time, there is at least one woman in every parliament in the world and new research shows that diversity among women MPs is at its highest level ever. We are living through a time of poly-crisis, marked by high volatil- ity and unprecedented uncertainty. Economic chasms have opened up
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