Women role in Mongolia’s business sector exceeds world average
1 сар, 3 долоо хоног өмнө
- Forbes Women’s Summit gathers up inspiring women leaders from all rectors to discuss growth management
- According to a World Bank study in 2019, the share of women in the Mongolian business sector is higher than the global average. Specifically, 32.7 percent of businesses in Mongolia are owned by women. In the world, this number sands around 14.3 percent
- Women in mongolia account for nearly half of all educated personnel, but they do not hold such a position in the economy. Mongolians focus on girls' education but require them to have families and children to care when they should be contributing to society and themselves.
At the Forbes Women’s Summit 2019 in Mongolia on December 5, participants from the community of inspiring women leaders from all industries came together to support women’s participation in decision making and growth management. Panel discussions focused on a more diverse future, through keynotes from internationalspeakers, breakout sessions and networking. Innovative visionaries’ ambitious actions are changing the world at an unprecedented scale. The summit held a panel discussion under topics, namely Growth Management and Women, Investment Environment and Women, Employment and Women, and Women’s Participation and Leadership.“Mongolia’s social, economic and political situation is not completely stable. Women in Mongolia account for nearly half of all educated personnel, but they do not hold such a position in the economy. Mongolians focus on girls’ education but require them to have families and children to care when they should be contributing to society and themselves. Women also need to support one another than men do,” said Dolgion Erdenebayar, publisher of Forbes Mongolia and CEO of Bloomberg TV Mongolia, at his opening speech. He also emphasized that Mongolia loses USD three billion annually by letting women stay home, being unpaid. “According to the World Economic Forum, GDP growth can be up 35 percent by encouraging women participation. If we assume Mongolia’s GDP at USD 10 billion, we lose USD three billion. In the absence of unemployed women, Mongolia loses USD three billion a year.” The Boston Consulting Group also released a study on the possibility of increasing global GDP by as much as USD 2.5-5 trillion by reducing gender inequality in the business sector.