New Economist: The Economist: A guide to womenomics: An Economist article on women and the world economy argues that "the future of the world economy lies increasingly in female hands". The piece, A guide to womenomics, claims that:
In rich countries, girls now do better at school than boys, more women are getting university degrees than men are and females are filling most new jobs. Arguably, women are now the most powerful engine of global growth.
The article gives particular attention to the growing role of women at work. The most interesting chart highlights the positive correlation between women's fertility rate and their labour force participation:
It is sometimes argued that it is shortsighted to get more women into paid employment. The more women go out to work, it is said, the fewer children there will be and the lower growth will be in the long run. Yet the facts suggest otherwise. ... Indeed, the decline in fertility has been greatest in several countries where female employment is low.
It seems that if higher female labour participation is supported by the right policies, it need not reduce fertility. ... governments need to remove obstacles that make it hard for women to combine work with having children. This may mean offering parental leave and child care, allowing more flexible working hours, and reforming tax and social-security systems that create disincentives for women to work. Countries in which more women have stayed at home ... offer less support for working mothers...