Fast Forward

Just a few decades ago, it wasn’t unusual to hear statements like, “Women shouldn’t vote or drive cars and God knows they don’t belong in politics.” Disturbingly, such sentiments still predominate in some countries. The world is changing, however: women are gaining more power and having a greater impact on society.

In recent years there have been more female leaders, such as German chancellor Angela Merkel, American Presidential Nominee Hillary Clinton and Christine Lagarde, head of the IMF. Those women fought hard to make it in a male-dominated world and they’re leveling the playing field with their success.

Women are also making strides in the world of business. In 2014, the United States had around nine million women-owned businesses that employed over 7.9 million workers and made over 1.4 trillion dollars in revenue. If, for instance, Egypt’s workforce contained as many women as men, the country’s GDP would rise by about 34 percent.

In fact, women are likely to be the force that drives this century’s global development. About a billion women are ready to enter the global economy – a number comparable to the population of China or India. These women will start new businesses, change the political landscape and increase the quality of life for both their families and their communities.

In the future we’ll also have more female entrepreneurs and business leaders, which will change the business environment. This is already happening and having a positive impact: studies show that Fortune 500 companies with three or more female board members have a 50 percent higher equity return than those all-male boards.

We’re on the brink of a major shift in global power. Women are truly poised to change the world.