Closing the Gender Gap

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At current rates of progress it may take more than 200 years to close the economic gender gap globally. Although many countries are ideally poised to maximize women’s economic potential, they are currently failing to reap the returns from their investment in female education. In addition, too few countries are preparing to meet the challenges and harness the gender parity opportunities posed by the changing nature of work.  
  
The Closing the Gender Gap Project aims to create global and national platforms to advance economic gender parity and increase workplace opportunities for five million women by 2020. This target will reach one million women through global business commitments and four million women through direct country implementation. It works at three levels:   


  1. Country implementation: The project brings together public and private sector leaders with the capacity to bring more women into the economy, catalyzing new collaboration and action. These national platforms build on the Gender Parity Task Force model successfully piloted in Mexico, Turkey, Japan and the Republic of Korea since 2012. Task Forces are currently established in Chile, Argentina and Panama in partnership with the Inter-American Development Bank. 

  2. Global and regional knowledge exchange: At the global level, the Global Alliance for Closing the Gender Gap provides an exclusive global platform for leaders and experts from business, government, civil society, and academia to build consensus, share ideas and best practices, identify “preferred partners and models” and strategically guide national-level action. In addition, the project compiles the latest knowledge and insights on the issues to help leaders take informed decisions and to help shape the public narrative, such as the annual Global Gender Gap Report. 

  3. Global business commitments: With the gender parity potential presented by the Fourth Industrial Revolution, multinational businesses are acting quickly to catalyze action and harness benefits for their employees and companies. As a first step, the Forum is consolidating global business commitments on gender parity with a goal to reach one million women in 2018. The project also compiles tools and resources to inform commitments and assist companies in measuring, tracking and narrowing gender gaps, such as Accelerating Gender Parity: A Toolkit released in March 2017.

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