The purpose of this meeting was to talk about women’s equality in the private and business sectors and in collaboration with civil society. Mr. Molinari focused on moving capital around businesses run by women, stating that “women are not looking for handouts; they are looking for access to capital.” Gate Global Impact has partnered with organizations like Microsoft and OPEC to invest in technologies and ways to disrupt the means by which capital is formed. Ms. Scott discussed the various “thermostats of inequality,” using data from 2013 in European countries like the Czech Republic and Hungary. The female-to-male ratio for tertiary education and professional jobs in these countries was favorable from a gender equality standpoint, but that same ratio for labor participation, similar pay for similar work, and roles and wages was not equal. Ms. Scott also discussed the Russian Doll Effect, which is the idea that if girls are not nourished as children, poor states of health will remain in the family for generations. Professor Ritschelova continued by discussing reasons why women do not represent a larger percentage of the labor force. She cited a lack in education–499 million women worldwide have no education–and access to information as the two most significant reasons. Ms. Macdougall talked about providing incentives so that banks will invest more capital into women. Ms. Chowdry also spoke about the importance of financial inclusion of women and integrating them into the economy more fully.
Meeting: Event on “Power of Collaboration: Women, Technology, and Social Innovation- Creating the Future of Inclusive, Sustainable Economies” (co-organized by the Permanent Mission of the Czech Republic and the Impact Leadership 21)
Date & Location: 25 March 2015, Conference Room 2, UN Headquarters, New York
Speakers: Ambassador Edita Hrda, Permanent Representative of the Czech Republic to the United Nations; Ms. Janet C. Salazar, CEO and Founder of IMPACT Leadership 21; Ambassador Anwarul Chowdhury, Former Under-Secretary General and High Representative of the United Nations; Mr. Constance J. Peak, CFO, Chief Strategist, and Co-Founder of Impact Leadership 21; Mr. Amir Dossal, Global Partnership Forum Chairman; Mr. Vincent Molinari, CEO of Gate Global Impact; Professor Linda Scott, DP World Chair for Entrepreneurship and Innovation, Professor at the University of Oxford, Founder of Double X Economy; Professor Iva Ritschelova, President of the Czech Statistical Office; Ms. Lisa Macdougal, Representative of Goldman Sachs; Ms. Nalia Chowdhury, TeleConsult Group Chairman, formerly Grameen lead on Village Phone Project; Ms. Elizabeth Isele, Founder and President of Senior Entrepreneurship Works
Written by WIT Representatives: Paige Stokols and Brian Lee
Edited by WIT Representative: Philip Bracey