Posts tagged ‘GDP’

“Forget Foreign Aid, Focus on Foreign Investment In Women Entrepreneurs” by @startupbiztalk in @ForbesWoman #myAWD

Forget Foreign Aid, Focus on Foreign Investment In Women Entrepreneurs

Cheryl Isaac, Contributor

Foreign aid can sometimes account for over 90% of a country’s GDP; yet developing nations are quickly learning that foreign aid is not a long-term solution. And over the past few years, we’ve seen just how interconnected the global economy is: a misstep in one economy, affects the global economy.

Dambisa Moyo, economist and author of Dead Aid: Why Aid is Not Working And How There is a Better Way For Africa, argues that foreign aid to Africa is hurting, not helping the continent.

“Policymaking…has to set the environment to make it conducive for people to invest, be entrepreneurial and to innovate,” Moyo told Forbes Woman.

Investment in entrepreneurship—particularly women entrepreneurship—can lead to long-term growth in developing countries, the type of change that affects economic development, and a collaborative effort that influences innovation and empowers citizens to contribute to their nation’s GDP.

Read the full article: http://www.forbes.com/sites/worldviews/2012/07/06/forget-foreign-aid-focus-on-foreign-entrepreneurship-for-women/

July 9, 2012 at 1:32 pm 4 comments

The untapped potential of women in Asia: $40 billion

Last week U.S. Ambassador-at-Large for Global Women’s Issues Melanne Verveer gave the keynote speech at the Annual Summit of the Global Banking Alliance for Women.  Among other amazing facts, Ambassador Verveer cited a massive amount of pent-up prosperity embodied in Asian women:

“Let me give you a macro-example of what the economic empowerment of women could mean, as if you didn’t know: it is calculated that the Asia-Pacific region is shortchanged in excess of $40 billion a year in GDP because of the untapped potential of women.”

Two more striking quotes from the speech:

“As World Bank president Robert Zoellick says, and I quote him endlessly all over the world, ‘Gender Equality Means Smart Economics.'”

“An article in the Economist noted the following: ‘Forget China, forget India, forget the Internet, it’s women who drive GDP.'”

To read the full text of the speech: http://www.state.gov/s/gwi/rls/rem/2010/150137.htm

More on the Global Banking Alliance for Women: http://www.gbaforwomen.org/

October 31, 2010 at 5:06 pm Leave a comment


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