Andrew John HARRISON

Artist, Designer, Educator & Entrepreneur

Tag: Finance

Advancing Woman’s Equality Could Add $12 Trillion to Global Growth

Gender inequality in 2016 and beyond is inexcusable. Half of the world’s working-age population are not realizing their full potential, due to gender discrimination.

A recent McKinsey report finds that $12 trillion could be added to global GDP simply by advancing woman’s equality!

I believe this should be a top priority for business and political leaders alike. Let’s work together to equalize opportunity and compensation and end once and for all the issue of a woman being paid less for the same job as a man.

In addition to economic discrimination in order to take advantage of women, prejudice denies women equal access to leadership positions that are top-paying and influential.

Consider for a moment the composition of the S&P 1500 boards of directors:

EY graphic showing the percentage of female directors at S&P 500 companies in 2014

In other words, the business world remains dominated by men and according to McKinsey, this inequality is costing the global economy trillions of dollars a year.

My own research has shown that teams and companies led by women are better managed, more innovative, and less susceptible to the dark side of the hubris of success.

Personally, I am a champion of all forms of equality starting at home and extending to our workplaces, boards and all levels of leadership. This is more than pure idealism! If you analyze the bottom line you too will see its profitable!

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If you find yourself resistant to gender equality, consider why that may be? Is it because you are sexist? insecure or simply just prefer to dominate? Perhaps your gender bias is invisible to you. The best way to know for sure is to look at your results. Are genders on your team or in your company balance around the 50/50 mark, or more like 60/40, even 80/20?

This one change, of accepting nothing less than gender equality could add millions to your bottom line.

Read McKinsey Global Institute’s Report Executive Summary > here or access the full report > here

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How You Pay Your Debt

Utilizing debt is one thing – how you pay it off is another… check out the below chart:

 

Visualizing One Trillion Dollars

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USA Today Economic Outlook Index (June edition)

This chart from USA TODAY tracks the pulse of he US economy.  Looks like the recession will lesson towards the end of 2009 and we will be back in growth mode in 2010. Click on the image to enlarge >>

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Real GDP Growth 1960 to 2006

This chart shows real GDP growth from 1960 to 2006. The current economic crisis has dramatically impacted the current growth rates and has resulted in significant contraction. The relevance of this chart is seeing where the growth has been in the past in order to look into the future and see where growth will pick up and gain momentum as we enter an economic recovery period.

Viewing this chart reflects the following:

  1. The Euro Area has been on a long-term decline in growth. Entrepreneurship is stifled. What are the Europeans going to do to reverse this situation? How will they compete with North America and Asia?
  2. The US has consistently generated higher growth rates than the Euro Area, however, growth has slowed too. Big Government and higher taxes are going to limit growth and inhibit entrepreneurship.
  3. Latin America reflects a classic V curve. Plenty of room for future growth.
  4. Another classic V curve. Middle East hit hard by the decline in Crude Oil prices and the US losses of their Sovereign Wealth Funds.
  5. V curve with significant contraction at the bottom of the V.
  6. South Asia shows minor contraction followed by significant growth.
  7. Significant growth in East Asia & Pacific.

Bottom line? South East Asia & Pacific as a region – including China, India, and Japan – looks set for sustained growth in the long term.

S&P Composite: 1871 To 2009

Four Bear Markets

What Is A Hedge Fund?

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