Ending Gender Inequality Could Pay Off Globally In The Trillions
If we ended gender inequality overnight, it could save the global economy trillions of dollars, said a director at the McKinsey Global Institute.By Melissa Prax | January 21, 2016
What would actually happen if we had worldwide gender equality? Well, one estimate says the global economy would take off.
The director of the McKinsey Global Institute says there would be a $28 trillion boost to the global economy if women and men became equal overnight. That's nearly 1.5 times that of the U.S.' current economy.
With all that extra money, global government debt could be eliminated. Currently, government debt is estimated at $25 trillion.