Increased educational attainment accounts for about 50 per cent of the economic growth in OECD countries over the past 50 years. Education, upskilling and re-skilling over the life course – especially to keep pace with rapid technological and digital transformations affecting jobs-are critical for women’s and girl’s health and wellbeing, as well as their income-generation opportunities and participation in the formal labour market. Increasing women’s and girls’ educational attainment contributes to women’s economic empowerment and more inclusive economic growth.Conversely, it is estimated that gender gaps cost the economy some 15 percent of GDP. growth does not automatically lead to a reduction in gender-based inequality. For example, increasing the female employment rates in OECD countries to match that of Sweden, could boost GDP by over USD 6 trillion, recognizing, however, that. Women’s economic empowerment boosts productivity, increases economic diversification and income equality in addition to other positive development outcomes. Empowering women in the economy and closing gender gaps in the world of work are key to achieving the 2030 Agenda for Sustainable Development and achieving the Sustainable Development Goals, particularly Goal 5, to achieve gender equality, and Goal 8, to promote full and productive employment and decent work for all also Goal 1 on ending poverty, Goal 2 on food security, Goal 3 on ensuring health and Goal 10 on reducing inequalities.Women’s economic empowerment includes women’s ability to participate equally in existing markets their access to and control over productive resources, access to decent work, control over their own time, lives and bodies and increased voice, agency and meaningful participation in economic decision-making at all levels from the household to international institutions. Women’s economic empowerment is central to realizing women’s rights and gender equality.World survey on the role of women in development.Training for gender equality and women's empowerment.
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