“Encouraging more women into the labor force has been the single biggest driver of Euro-zone’s labor market success, much more so than ‘conventional’ labor market reforms,” Goldman Sachs wrote in a research report in 2007. Likewise, public companies that have more women executives consistently perform better than those with fewer women. One study of America’s Fortune 500 companies found that the one quarter with the most female executives had a return on equity 35 percent higher than the quarter with the fewest female executives. On the Japanese stock exchange, the companies with the highest
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