Acting Under Secretary for Economic Growth, Energy, and the Environment
U.S. Chamber of Commerce Foundation
March 7, 2019
As we gather to celebrate International Women’s Day and Women’s History Month, I am honored to be here with so many business leaders and champions of women’s economic empowerment.
In line with this year’s theme, “The Equality Opportunity” I want to set our sights on some bold endeavors:
- What if we could increase labor productivity by 25 percent?
- What if we could recover 19 percent of income lost to low labor force participation in South Asia?
- How about increasing global GDP by $28 trillion by 2025?
And how can do these things? By investing in women! Looking at those numbers, we can’t afford not to do so!
The Equality Opportunity is literally a $28 trillion question, and what a perfect moment in time it is to seize that opportunity!
Empowering women to participate and lead in the private sector – and in government as well — allows us to tap into an enormous pool of talent that benefits our enterprises and societies as a whole.
Businesses around the world face obstacles when expanding to global markets and into key sectors– this is especially true for female-led businesses. This is where challenge meets opportunity meet.