A new McKinsey Global Institute report finds that $12 trillion could be added to global GDP by 2025 by advancing women's equality.
The public, private, and social sectors will need to act to close gender gaps in work and society. Gender inequality is not only a pressing moral and social issue but also a critical economic challenge.
If women—who account for half the world's working-age population—do not achieve their full economic potential, the global economy will suffer. While all types of inequality have economic consequences, in our new McKinsey Global Institute (MGI) report, The power of parity: How advancing women's equality can add $12 trillion to global growth, we focus on the economic implications of lack of parity between men and women.