#GAReads | Research: Are Women Better at Leading Diverse Countries Than Men?
We know what a world dominated by men — by male CEOs, management teams, and heads of state — looks like. Consider for a moment what the world might look like if female leaders were the norm. Research from McKinsey has found that firms that outpace their peers on the number of women in top management see a financial performance benefit of up to 15% over the industry median. Might a similar benefit be true on the world stage?
Research has shown that, on average, racial/ethnic diversity within a country is negatively correlated with its overall economic growth (GDP). Racial biases, discrimination, and conflicts between ethnic groups, when left unmitigated, can stunt economic growth. We had a hunch that this is exactly where female leadership would be most helpful.