If Bangladesh could boost its
female participation from the current to 34% to 82%, then it is possible to
achieve 1.8% point annual GDP growth, the World Bank believes for Bangladesh. In
it’s two yearly report on Women, Business and Law, it disseminates
acknowledgement of women’s economic environment, in 173 countries, recently
expanding from 5, to 8 countries in South Asia.
With seven indicators: accessing
institutions, using property, getting a job, providing incentives to work,
building credit, going to court and protecting women from violence, previously
it found 90% of the economies consisted of at least one law unfavorable to
women. It said that Bangladesh and a few neighbors have handicapped inheritance
for
widows. Three reforms in the South Asia, made only three reforms, by India
and Pakistan. India introduced a quota in corporate boards, while Pakistan
introduced minimum legal age for marriage and imposed a 22% quota for women in
the government.
Bangladesh should seize
opportunities for female participation of women in the workforce, since the
report also predicted 40% less global income if women were excluded. Favorably
in this regard, the Managing Director of Mohammadi Group, Rubana Huq was awarded
as the Outstanding Women Entrepreneur of the Year 2014. She persevered in the
last 19 years, joining as a junior officer in 1995 and becoming Managing
director quickly in 1998. The garments company started with on factory and 500
workers then, fast forwarded to US $70 million exports last fiscal, with a 15%
growth, consisting of 9000 workers. Company also now maintains many other
sectors, planning 30% garment expansion as well.
Rubana Huq spoke about how she
inspires performers and strengthening bonding in the company, to acquire
stability and international standards. Short story here in the link.
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