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DAILY NEWS ANALYSIS

  • 06 April, 2021

  • 3 Min Read

Global Gender Gap Report 2021

Global Gender Gap Report 2021 was released recently.

  • Released by World Economic Forum

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Key takeaways

  • India has fallen 28 places
  • It is now one of the worst performers in South Asia,
  • It is ranked below neighbouring countries – Bangladesh, Nepal, Bhutan, Sri Lanka and Myanmar.
  • India’s rank: 140 among 156 countries.
  • South Asia incidentally is one of the worst performing regions, followed only by the Middle East and northern Africa.
  • Overall, many countries have fared worse in this year’s rankings compared to last year’s, on account of economic performance.
  • On its current trajectory, it will now take 135.6 years to close the gender gap worldwide.
  • Women represent only 26.1% of some 35,500 parliament seats and just 22.6% of over 3,400 ministers worldwide
  • In 81 countries, there has never been a woman head of state, as of January 15, 2021.

World Economic Forum (WEF):

  • It was established by Klaus Schwab in 1971 as a not-for-profit foundation. It was initially named as European Management Forum. Later, it changed its name to the World Economic Forum in 1987.
  • Aim: To improve the state of the world by engaging business, political, academic and other leaders of society to shape global, regional, and industry agendas.
  • Headquarters: Geneva, Switzerland.
  • Major Reports: a) Global Competitiveness Report b) Global Gender Gap Report c) Global Risks Report and d) Global Travel and Tourism Report.

WEF Davos Agenda Summit,2021:

  • It will be organized virtually by the World Economic Forum (WEF).
  • The summit will mark the launch of WEF’s “Great Reset Initiative” which aims to rebuild the economy sustainably following the COVID-19 pandemic.

The Great Reset Initiative of World Economic Forum-

  1. The Great Reset Initiative is based on the assessment that the world economy is in deep trouble.
    • The situation has been made a lot worse by many factors, including the pandemic’s devastating effects on global society, the unfolding technological revolution, and the consequences of climate change.
  2. The agenda of the initiative are –
    • The world must act jointly and swiftly to revamp all aspects of our societies and economies, from education to social contracts and working conditions.
    • Every country must participate, and every industry, from oil and gas to tech, must be transformed. In short there should be a ‘Great Reset’ of capitalism.

Source: WEF


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