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August 19, 2011

More Women = GDP Growth

By Cindy Ivanac-Lillig

Long-term economic growth potential is affected by two basic things: more people (resources) and/or more productivity. However, Kathy Matsui recently gave a TEDx speech on “Womenomics” that has me thinking that we could add one more factor: more working women.

In this time when most economists are bemoaning the balancing act that many countries face between cutting costs and promoting economic growth, it is interesting to hear something a bit out of the box. Mindset, daycare solutions, regulation, and explicit female participation goals are the four factors she lists as keys to solving Japanese economic malaise and adding up to 15% to their GDP!

Perhaps this issue will be the great opportunity that arises out of the ashes of this great recession. What do you think?

Posted by Cindy at 9:23 PM | Comments (32) | TrackBack