One Billion Women to Enter Workplace in Next Decade: Report

They say it is a man’s world, but perhaps not for much longer as up to one billion women are expected to enter the workplace in the next decade, according to the latest survey from Booz and Co. on women in the workplace.

The report from the global management and strategy consultancy said the surge in women employees, employers, producers, and entrepreneurs in the next 10 years would improve not only gender equality, but global economic growth — however, it also warned that governments could miss out on this potential.

“As the world economy grows and develops, countries cannot afford to ignore over 50 percent of their talent pool, ” Penney Frohling, business strategist and partner at Booz and Co., told CNBC. “There is a view that countries that are able to tap into that talent pool are going to see higher growth. There is a very clear correlation between empowering women and GDP growth , literacy rates, infant mortality rates.”

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