Reducing Gender Inequalities: Raising the global GDP by educating women Professor Mazzucelli Zoila Acevedo Global Civil Society

“The decreased ability of nationally based political systems to manage the world’s problems on a global scale has induced the rise of a global civil society.” -Manuel Castells

Global Issue: Gender inequality “70% of people in poverty are women.” (PCI) “ Economic disparities persist partly because much of the unpaid work within families and communities falls on the shoulders of women and because they face discrimination in the economic sphere.” (UNFPA)

According to the World Bank, “Putting resources into poor women’s hands while promoting gender equality in the household and in society results in large development payoffs. Expanding women’s opportunities in public works, agriculture, finance, and other sectors accelerates economic growth, helping to mitigate the effects of current and future financial crises.” (World Bank 2011) Womenomics: Employment of women can play an important in contributing to economic role.

Using the Glocal: The Goldman Sachs 10,000 women initiative uses globalization to directly impact local areas. Globalization  Localization NGO and local University Partners

Economically Empowering Women through Education “The Goldman Sachs 10,000 Women initiative is a five-year investment to provide underserved female entrepreneurs around the world with a business and management education.” (Goldman Sachs) Women-Run Small and Medium Enterprises Sector 43 countries Requirements for joining the program Evaluation of the program

10,000 Women’s Initiative Partners Academic Partners –49 Universities throughout the world Nonprofit partners and advisors—40

Importance of Educating Women Higher wages and better jobs Better Health Entrepreneurial success Intergenerational benefits Stronger human capital and higher productivity Higher returns to investment

10,000 Women Entrepreneur Certificate Program in Rwanda 6-month program-31 days of training and presentations Create a detailed business plan Separated in groups based on their industry »Introduction to Business Management and Strategy »Operating a Business in Rwanda »Customer Care »Marketing & Public Relations »Budgeting/Management Accounting »Financial Accounting/Loans »HR/Organizational Management »Developing a Successful Business Plan »Cohort Consulting »Business Plan Presentations

Global  Local  Global Glocal  Lobal 10,000 Women’s initiative Goldman Sachs  economically empowers women and their participation in the labor force, benefitting their local communities  greater labor force participation leads to global GDP growth

Resources Castells, Manuel. "The New Public Sphere: Global Civil Society, Communications Networks, and Global Governance." (2008): n. page. Web. 25 Jul < and Journalism/~/media/78.ash&xgt;. Salass, Nader. "Dina Powel of Goldman Sachs '10,000 Women' On How Females Made GDP Rise." Huffington Post [Aspen] , n. pag. Web. 25 Jul ideas_n_ html.> Chiu, Lisa. "Goldman Sachs sets new standard for strategic philanthropy." Deveximpact: Business Transforming Development. (2013 ): n. page. Web. 25 Jul strategic-philantropy/81187.> Devex Impact Editor,. "Goldman Sachs' 10,000 Women at a glance." Devex. (2013 ): n. page. Web. 25 Jul "International Center for Research on Women." 10,000 Women's Initiative. n. page. Web. 25 Jul events/international-womens-day/doc-icrw women- report.pdf.>

"Education. Empowerment. Economic Opportunity." Goldman Sachs 10,000 Women. Goldman Sachs, n.d. Web. women-immersive/10000-women-brochure.pdf.> "ENDING POVERTY- Why Empower Women and Girls?." CARE. CARE, n.d. Web. 25 Jul n.pdf.> "Promote Gender Equality and EMpower Women by 2015." Wold Bank- Millenium Goals. (2012): n. page. Web. 25 Jul "Womenomics-The Time is Now." Golman Sachs-Investing in Women. (2012): 1-2. Print. on/investing-in-women/womenomics/index.html.> "Global Economics Paper No: 164." GS Global Economic Website. Goldman Sachs, 04 Mar Web. 25 Jul women/bios-pdfs/women-half-sky-pdf.pdf.> "William Davidson Institute." Goldman Sachs 10,000 Women Entrepreneur Certificate Program. (2010): n. page. Web. 25 Jul sachs women-initiative/GS_10000Women_Rwanda.pdf.>