SAVE the DATE!
GBA 2014 Annual Summit
September 17-19, Washington DC
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In honor of International Women’s Day, the Alliance prepared an animated eCard celebrating the growing economic power of women — as consumers, salary-earners, and job-creating entrepreneurs.
To measure progress in the economic advancement of women, the Economist Intelligence Unit in 2010 created the Women’s Economic Opportunity (WEO) Index.7. The Index aims to look beyond gender disparities to the underlying factors affecting women’s access to economic opportunity in the formal economy.
Click here to view the full report
Source: EIU website (March, 2012)
4th Annual Women’s Empowerment Principles Event: Gender Equality for Sustainable Business event brought together 200 stakeholders from various sectors to mark 2 years since the launch of the Women’s Empowerment Principles and discuss the relevance of the Principles within the context of sustainable development. The final report of the event will be circulated in April along with a link to panelist remarks and presentations.
The video link to the conference in its entirety (by session) can be accessed here: http://www.unglobalcompact.org/Issues/human_rights/equality_means_business.html
Source: PBW webste (March, 2012)
Leading companies are failing to capitalize on the talents of women in the workforce, according to the World Economic Forum’s Corporate Gender Gap Report 2010 released this month. It is the first study to cover the world’s largest employers in 20 countries and benchmark them against the gender equality policies that most companies should have in place but are in fact widely missing.
Click here to download the PDF
By David Zielenziger
President Barack Obama has the chance to change world economic development when he selects the next President of the World Bank, the outgrowth of World War II-era plans to use rich counties to spearhead economic growth.
By custom, the U.S. appoints the World Bank president while Europe designates the director of the companion International Monetary Fund. France’s Christine Lagarde replaced Dominique Strauss-Kahn last year, shortly after his arrest for alleged rape in New York. He was subsequently cleared.
Obama’s first choice for the job is no longer living: that would be Stanley Ann Dunham, whose pioneering work in anthropology, especially in how rural women created handicraft markets in Indonesia and developed rural economies, was later acknowledged to be groundbreaking.
Dunham, the president’s mother, died in 1995. Part of Obama’s childhood was spent in Indonesia as she pursued her doctoral work for the University of Hawaii.
Two other candidates were cited immediately: Secretary of State Hillary Clinton, 64, who has no economics background, and former Treasury secretary Larry Summers, 57, a former Obama adviser, whose stupid remarks about women and science while he was president of Harvard University would likely disqualify him.
“Issues of intrinsic aptitude” mean there are fewer women than men in science, said Summers, a well-regarded economist and nephew of two Nobel laureates in economics. The remarks led to his Harvard resignation. Summers was succeeded by historiian Drew Gilpin Faust, Harvard’s first woman president.
Here are five more realistic candidates:
John Kerry. The Massachusetts senator who was the Democratic candidate for President against Bush in 2004, would be a good bet. Kerry, 68, has long wanted a seat on the global stage and now serves as Chairman of the Senate Foreign Relations Committee.
A seat at the World Bank, though, would give Kerry a classy finish to his political career and move him into issues he cares about, such as health and development on a world level. He also would be instantly acceptable to other governments.
Christina Romer, 53, is a professor of economics at the University of California, Berkeley, where she returned following service as Chairperson of the Council of Economic Advisers in Obama’s first year.
Romer would be the first woman World Bank chief as well as the first academic. Most others, like Zoellick, Robert McNamara or Eugene Black, have come from government but with business backgrounds.
Joe Biden. The Vice President, 69, isn’t going to be President, so sending him to the World Bank could cap his career as well as give Obama the choice to pick a new running mate. While this would be a huge political shift, Biden, like Kerry, has had years of interest in foreign relations and headed the foreign relations committee in two periods under the second Bush.
Sending Biden to the World Bank might enhance the institution’s stature and conceivably shift its mission to 21st century goals. To be sure, Biden lacks executive ability, although as Vice President, he helped shepherd through tricky nuclear arms treaties with Russia and other matters.
Timothy F. Geithner. The Secretary of the Treasury, Geithner, 50, has spent virtually his entire life in government service, never working on Wall Street, including service at the U.S. embassy in Japan.
The Dartmouth graduate said last month he wouldn’t serve another term as treasury secretary but didn’t specify his future plans. The salary, $441,980 plus $284,500 in other benefits, is higher than his treasury pay.
Geithner, too, would need no introduction to other world leaders or members of the business community.
Michael Bloomberg. The New York mayor, 70, might eye this as a cap to his career after becoming a billionaire on Wall Street via his Bloomberg LP information company, then service as three-term Mayor of New York.
Bloomberg, whose term expires in 2013, has said he wants to spend his next period doing foundation work but presumably could be enticed to run the World Bank. A Democrat-turned-Republican-turned-independent, Bloomberg might be an appealing choice for Obama, although he’s hardly been known as having an interest in poverty and development, spending much of his political capital on education.
Bloomberg wouldn’t have to make public all his finances, either, because confirmation comes from the bank’s board of governors, not the U.S. Senate. Nelson A. Rockefeller, the former governor of New York, had to make public all his financial data when President Gerald Ford nominated him for Vice President in 1974.
Source: International Business Times website (Febuary 2012)