Power of the Purse: A Note on Women’s Global ‘Influence’
We came across an interesting interview with the author of “Influence,” about how women will transform business in the 21st century. Some highlighted factoids to impress your friends:
- Over the last two decades, womens’ increased employment has contributed more to the growth of the global economy than either China or India, or even global technology. Says the author: “We’re at a tipping point: a critical mass of women have had an explosive rise in education and earning power which has opened the door for them to exert their influence.”
- Adding women to the corporate board of directors increases a company’s return on equity.
- Developing countries have found that when you educate young girls and women, you increase GDP. Those women also reinvest 90 percent of their income in family and community, compared to just 30-70 percent among men.
- Women start businesses at twice the national average
