uestion – According to a report released by BofA Securities in March 2021, how much US dollar has been lost to the world since 1990 due to lack of gender diversity and inclusion?
(a) 70 trillion dollars
(b) 110 trillion dollars
(c) 95 trillion dollars
(d) None of the above
Answer – (a)
Related facts
- According to a report released by BofA Securities in March 2021, the world has been lost 70 trillion dollars since 1990 due to lack of gender diversity and inclusion.
- According to the report, it will take 257 years to reduce the gender gap at the current rate and not doing this has cost the world a whopping USD 70 trillion since 1990.
- The report also notes that full gender equality globally can increase the world GDP by up to USD 28 trillion by 2025 and the loss of human capital wealth due to gender inequality alone is estimated at USD 160.2 trillion.
- The report said that the pandemic has deepened the gender inequality crisis due to which approximately 96 million people are estimated to be involved in extreme poverty in 2021, of which 47 million will be women.
- According to this, more than 19% of the jobs of women are at risk.
- As much as 90 per cent of children with disabilities in emerging markets countries do not attend school, says the report.
- The LGBTQ+ community is equivalent to the fourth largest economy in the world at USD 3.9 trillion.
By — Pankaj Pandey.