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The OECD recently estimated that eliminating the gender gap—bringing as large a share of adult women into the workforce as men—would lead to an overall increase in GDP of 12 percent in its member nations between 2015 and 2030. The GDP gains would peak close to 20 percent in both Japan and South Korea and more than 20 percent in Italy, where less than 40 percent of women are in the formal labor force. A similar analysis in 2010 by Booz and Company showed that closing the gender gap in emerging countries could yield even larger gains in GDP by 2020, ranging from a 34 percent gain in Egypt to 27
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