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Diplomatic World_nummer 57

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Opening ceremony crowd<br />

Do you think that if we had more women as<br />

political and business leaders it would contribute to<br />

make the world a better place?<br />

It depends on how you define 'better'. Institutions as<br />

diverse as the <strong>World</strong> Bank, the IMF, Goldman Sachs,<br />

and McKinsey have all pointed to the rise in GDPs of<br />

various economies if women were fully utilized not just at<br />

the bottom but also at every level of the economy. On the<br />

corporate side, there are over 70 reports from different<br />

countries indicating a strong correlation between more<br />

women in senior roles as executives and board directors<br />

with a company's better financial performance. Given this<br />

myriad research indicating the positive results that accrue<br />

from advancing women's economic opportunities, the<br />

question then is why are women still begging to be allowed<br />

IN? Or to put it another way as one frustrated female<br />

executive said at a recent roundtable I organized: "Don't<br />

companies want to make more money?" The same can be<br />

asked of countries.<br />

What holds women back are long-held cultural assumptions<br />

as to what they can or cannot do that influence companies<br />

and countries to not fully utilize the talent pool that women<br />

represent. Right now, in many countries of the world,<br />

women are the majority of college graduates but they tend<br />

to be under-employed in jobs that do not match their skills<br />

and education. The presumption that family and house<br />

chores are predominantly women's role in society still<br />

permeates cultural thinking even in developed economies.<br />

These stereotypes continue to undercut their claim to<br />

leadership in the workplace.<br />

What are the objectives of the Global Summit of<br />

women? Is it a "women only" version of the Davos<br />

summit or do you also actively seek to promote<br />

a better representation of women in leadership<br />

positions?<br />

Well, from the beginning, we wanted to find a way to speed<br />

up, to accelerate women's economic progress by sharing<br />

what works in terms of government policy or corporate<br />

programs or entrepreneurial experiences that can jumpstart<br />

other women so they do not have to start from zero. So<br />

our focus on best practices and on practical strategies as<br />

opposed to continually focusing on the challenges women<br />

face in the economic sphere permeates the Program.<br />

Basically, what did you do in your country or your business<br />

that I can bring to mine? That is the predominant<br />

question.<br />

41

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