- Women are the next emerging market in the world
- Over the next five years, the global incomes of women will grow from US$13 trillion to US$18 trillion. That incremental US$5 trillion is almost twice the growth in GDP expected from China and India combined. By the year 2028 women will control close to 75% of discretionary spending worldwide (European Commission , Women on Boards: Commission proposes 40% objective, 14 November 2012); women own about a third of all businesses in the world, and nearly half of those businesses are in developing markets (‘Does Gender Diversity Improve Performance?’ Credit Suisse, 31 July 2012. The Bottom Line: Corporate Performance and Women’s Representation on Board (2004-2008)’ Catalyst, March 2011)
- Over the next decade, the impact of women on the global economy as producers, entrepreneurs, employees and consumers-will be at least as significant as that of China’s and India’s respective one-billion-plus populations, if not more so
- Tapping into girls and young women’s economic potential would be the equivalent of having an additional one billion individuals in business and in the workforce, contributing to the global economy and stimulating growth
- Yet there is a wide gap between potential and reality. Women’s access to boardroom seats is alarmingly slight, even in developed markets, and in many rapid-growth markets, women have few or no rights to own property, have little access to education and face stringent social and cultural restrictions against joining the labor force (globally)
- Much more remains to be done to open the playing field for women’s equal participation in business, society and the economy
- In 2015, world leaders agreed upon Global Goals that will shape the development of our planet until 2040. Unless we unlock the power of girls we cannot achieve those targets and girls will continue to be left behind
- Currently only 22% of the world’s parliamentarians are women, there are only 14 female heads of state in the world and women account for only 4.4% of Fortune 500 CEOs. In critical spaces of power, very few women are in control. This must change.
- Therefore the ultimate aim of Strategy Learning Center is to increase female leadership in all areas of public and private life and that starts with supporting girls to lead today onwards
- The current world population is 7 billion, including 1.8 billion youth. By 2040, the World Bank estimates that the world’s population will be three times this size, with young people as the majority group globally.
- Pregnancy is the biggest killer of teenage girls worldwide. Every year one million teenage girls die or suffer serious injury, infection or disease due to pregnancy or childbirth. Girls under 15 are five times more likely to die in childbirth than women in their 20s. (Save the Children UK, 2012)
- An estimated 15 million girls are married every year as child brides before they reach 18. One in three girls in the developing world is estimated to be married before the age of 18. (UNICEF, 2014)
- Young women account for 60.7% of the 122 million illiterate youth worldwide. (UNESCO, 2014)
- More than 125 million girls and women alive today have been cut in the 29 countries in Africa and Middle East where Female Genital Mutilation (FGM) is concentrated. (UNICEF, 2013)
- Every minute a young woman is newly infected by HIV, and globally young women aged 15- 24 account for 22% of all new infections. (UNAIDS, 2011)
- Out of 197 Heads of State around the world, only 22 are women. That means that 89% of the countries in the world are led by men.
(IWL Rutgers, 2011)