Women Then and Now: What has Changed and What We Still need to Fight for

Women and Orbium August 15, 2018

Women Then and Now: What has Changed and What We Still need to Fight for

Gender parity opens the gateway for societies and economies to thrive. According to the World Economic Forum, pushing for the right allocation and full development of almost half of the world’s talent pool can contribute to the competitiveness, growth and future-readiness of businesses and economies across the globe. Although gender parity movements have accomplished monumental strides, the campaign for equality is still ongoing. Here’s a look at how things have changed for women.

Around 60 years ago, women were not allowed to…

  • Apply for a loan or credit card in their own name or loan application
  • Work in civil service or legal profession
  • Inherit and bequeath property like men
  • Claim equal pay
  • Prosecute a spouse for rape

However, this is not to say that all parts of the world have developed to the same level of equality. Some regions still require significant effort. It’s safe to say that progress has been made, the world has come a long way since women could vote for the first time.  There are a lot of things that still need to change however, we celebrate the small and big wins of women across the globe.

Celebrating women’s wins across the globe

There is much work yet to be done to advance parity among genders however, it’s empowering to see advocates of woman’s rights can bring about change. Here’s a look at how the women’s equality cause in various parts of the globe have progressed.

Celebrating women’s wins across the globe

Across the world, women continue to fight for gender parity. The argument is no longer on having equal representation in all fields, it is about having the same opportunity and being recognised based on merit.

Global perspective and challenges

  • Over 60% of the world’s employed women work in the services sector.1
  • The global gender gap stands at 68.0% — meaning an average gap of 32.0% remains to be closed.
  • Economic participation and political empowerment between men and women remain wide: only 58% of the economic participation gap has been closed

Whilst the world continues to bridge the gap between genders much better than they did a decade ago, there should be continued effort in accelerating such progress. Given the current rate of progress, it will take at least six decades for countries to close the gap.

Global Perspective and Challenges

The ranking of women among the region’s wealthy is climbing, too. Some are so-called gold-collar professionals – highly skilled knowledge workers who have made their money from early business ventures – while others have turned a passion into a profit. – Bloomberg

The number of Asian female billionaires has increased by almost 13 times between 2005 to 2016. Additionally, 70% of Asia’s female billionaires are self-made. But Orbium found that most private banks still don’t address the needs of these high net worth female investor properly. This adds to the increasing sentiment that women’s needs still need to be better addressed as most traditional industries still haven’t accounted for the changing landscape to date.

Women’s impact to businesses

If organisations learn how to push for gender parity and recognise the importance of giving equal opportunities, the impact can be profound. According to the World Economic Forum, gender parity can affect country gross domestic products (GDPs) immensely.

Women’s Impact to Businesses

Women’s leadership and talent have been essential to strategic decision-making including keeping enterprises sustainable. MSCI also found that when organisations include female leadership, return on equity can be higher not to mention that when teams hear out women’s voices, there is greater emotional commitment and people push harder to succeed.

To all women all over the globe, here’s to continued progress!