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Benefits of women's economic empowerment

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.

Below are some of the benefits from women's economic empowerment extracted from the UN Women, The Star and IFC.

  • Strengthen the economy - with more women involved in the workforce, productivity level, income equality and economic diversification also increase. World Bank also predicted that Malaysia's income per capita could grow by 26.2%. Stanford Social Innovation Review suggests that if women were to attain equal participation in the economy, they could raise global GDP by up to $28 trillion or 26 per cent in 2025.

  • Good for business - evidence shows that companies with gender-diverse boards generate a higher return on equity than those without. It is estimated that companies with three or more women in senior management functions score higher in all dimensions of organizational performance.

  • Achieving the Sustainable Development Goals - Empowering women in the economy and closing gender gaps in the world of work are key to achieving the 2030 Agenda for Sustainable Development.

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