If you were to list the factors with the biggest potential impact on the business world over the next few decades, you’d likely cite some common themes – evolving technology, the globalization of markets, and fiscal challenges in Western countries, perhaps. But here’s one you might not have considered: women.
According to our research, nearly 1 billion women will enter the global economy for the first time in the coming decade alone. And they will dramatically reshape the world of business and economies, globally.
Who are these women? We call them the “third billion,” in that their economic impact will be just as significant as that of the billion-plus populations in China or India, respectively. While these women have been overlooked in many markets — and actively suppressed in others — they are increasingly taking their place in the global economy, as both employees and entrepreneurs. It will not be long before they take their place as executives as well. Once these women begin to earn positions of leadership, they will change the economic potential and corporate culture of the world’s most esteemed organizations.
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