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GS-II : Important reports Important reports

06 April, 2021
3 Min Read

Global Gender Gap Report 2021

Global Gender Gap Report 2021 was released recently.

Released by World Economic Forum

Key takeaways

India has fallen 28 places
It is now one of the worst performers in South Asia,
It is ranked below neighbouring countries – Bangladesh, Nepal, Bhutan, Sri Lanka and Myanmar.
India’s rank: 140 among 156 countries.
South Asia incidentally is one of the worst performing regions, followed only by the Middle East and northern Africa.
Overall, many countries have fared worse in this year’s rankings compared to last year’s, on account of economic performance.
On its current trajectory, it will now take 135.6 years to close the gender gap worldwide.
Women represent only 26.1% of some 35,500 parliament seats and just 22.6% of over 3,400 ministers worldwide
In 81 countries, there has never been a woman head of state, as of January 15, 2021.

World Economic Forum (WEF):

It was established by Klaus Schwab in 1971 as a not-for-profit foundation. It was initially named as European Management Forum. Later, it changed its name to the World Economic Forum in 1987.
Aim: To improve the state of the world by engaging business, political, academic and other leaders of society to shape global, regional, and industry agendas.
Headquarters: Geneva, Switzerland.
Major Reports: a) Global Competitiveness Report b) Global Gender Gap Report c) Global Risks Report and d) Global Travel and Tourism Report.

WEF Davos Agenda Summit,2021:

It will be organized virtually by the World Economic Forum (WEF).
The summit will mark the launch of WEF’s “Great Reset Initiative” which aims to rebuild the economy sustainably following the COVID-19 pandemic.

The Great Reset Initiative of World Economic Forum-

The Great Reset Initiative is based on the assessment that the world economy is in deep trouble.
- The situation has been made a lot worse by many factors, including the pandemic’s devastating effects on global society, the unfolding technological revolution, and the consequences of climate change.
The agenda of the initiative are –
- The world must act jointly and swiftly to revamp all aspects of our societies and economies, from education to social contracts and working conditions.
- Every country must participate, and every industry, from oil and gas to tech, must be transformed. In short there should be a ‘Great Reset’ of capitalism.

Source: WEF

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