World economy would get a boost of up to USD 28 trillion by 2025 if women were on an equal economic footing, says Ivanka Trump
Research shows that states with higher female participation are less likely to use violence or military force to resolve international conflict, says Ivanka
GROUP of 20 leaders have joined their host Japanese Prime Minister Shinzo Abe in showcasing support for helping women close the gap with men in finance and other forms of economic empowerment. Ivanka Trump, Adviser to President Donald Trump, said on Saturday that the world economy would get a boost of up to USD 28 trillion by 2025 if women were on an equal economic footing. She was speaking at a special session on the issue at the G20 summit in Osaka that included her father.
“We believe that women’s inclusion in the economy is not solely a social justice issue, which of course it is. It’s also smart economic and defence policy,” Ivanka Trump said She also said research shows that states with higher female participation are less likely to use violence or military force to resolve international conflict. “We must continue to prioritize women’s economic empowerment and place it at the very heart of the G20 agenda,” the Adviser to the US President said.
“This is a legacy worth fighting for and a future we can be proud to leave to our children.” Queen Maxima of the Netherlands, the UN Secretary-General’s special advocate for inclusive finance for development, says, “it is really necessary to close this gap for women to be economically empowered.” During the event, Japanese Prime Minister Shinzo Abe received reports on activities and recommendations on the issue from groups such as a UN entity dedicated to gender equality and the Organisation for Economic Cooperation and Development.
Abe said the G20 will establish a follow-up system to review at the leaders’ level the steps taken by members to achieve a goal agreed in 2014 of reducing the gender gap in labour force participation by 25 per cent by 2025. The event was held to add momentum to women’s empowerment, seen as essential for achieving sustainable economic growth, according to the Japanese Government.