Narrowing the gender gap in the economy

Cherie Blair talks women entrepreneurship with Devex President and Editor-in-Chief Raj Kumar.

Gender equality is one the underperforming Millennium Development Goals and we’re not anywhere near where we should be, Cherie Blair — founder of the eponymous Cherie Blair Foundation for Women and wife of former U.K. Prime Minister Tony Blair — told Devex President and Editor-in-Chief Raj Kumar on the sidelines of the Clinton Global Initiative 2015 annual meeting.

Blair said that in the most recent World Economic Forum global gender report, the gap has been narrowed in the areas of health and education, but there remained much to be done in areas such as economic and political empowerment.

“Whether you’re in America or in Afghanistan, many women are finding that the formal sector … is not as welcoming for them and so they’re voting with their feet and starting their own businesses,” she said.

Economic empowerment enables women to make choices for themselves, Blair added.

Watch the above video to learn more the state of global efforts toward gender equality and why Blair believes women entrepreneurs should be empowered.

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About the author

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    Jacques Jimeno

    Jacques is a copy editor at Devex’s news production team. Previously, he worked with the Philippine Department of Tourism and the World Wide Fund for Nature. He is currently taking his master’s degree in communication from the University of the Philippines Diliman.