Posts Tagged ‘economist intelligence unit’

Women’s Economic Opportunities

The Economist intelligence Unit (EIU) released the Women’s Economic Opportunity Index in June, which measures women’s access or lack thereof to a number of economic and other opportunities in 113 countries. Here are a few excerpts from the report, which is available by clicking on the link above.

At the start of the 21st century women are not just enfranchised and fully engaged in the workplace, but leading global corporations and countries of every size. Germany’s Angela Merkel, Liberia’s Ellen Johnson-Sirleaf, and Pepsico’s Indra Nooyi are three among many.

Women, on average, earn 75% of their male co-workers’ wages, and the difference cannot be explained solely by schooling or experience. In many countries, women have fewer educational and employment opportunities than men, are more often denied credit, and endure social restrictions that limit their chances for advancement. In some developing countries women still cannot vote, own property or venture outside the home without a male family member.

While culture is mentioned only a few times throughout the report, it pervades the roles applied to women in any country. An understanding of the cultural context within which women act seems important to an understanding of the immense challenge associated with developing gender equality in countries with severely restricted economic opportunity for women. See below for the way the report defines this and a summary of the countries on both ends of the spectrum.

Women’s economic opportunity is defined as a set of laws, regulations, practices, customs and attitudes that allow women to participate in the workforce under conditions roughly equal to those of men, whether as wage-earning employees or as owners of a business. The result is a new ranking of economic opportunity for women in 113 economies. Sweden, Belgium and Norway occupy the top spots in the Index. These countries have particularly open labour markets for women, high levels of educational achievement, and liberal legal and social regimes. However, the index tells other stories as well. Hong Kong (China) performs best in the Asia region, ranking in the top 25% in most categories. Mauritius is Africa’s best finisher; its labour policies are among the most favourable to women in the region. Excluding Canada and the US, Brazil edges Chile and Mexico for the best score in the Americas. Eastern European countries, especially Bulgaria, have particularly balanced labour-law protections, although retirement ages for men and women are often different. Tunisia comes first in Northern Africa, and Sri Lanka in Southern Asia.

What part does culture play in this complex picture?

RW3 CultureWizard