Editor’s Note: Guest columnist Kate Jones is filling in for Emily Taylor, who will be back next week. Around the world these days, social media’s impact on societies is creating understandable tensions. The way in which social media shapes the public conversation has an unpleasant underbelly, exposing and arguably fostering hate and division, while fueling an explosion of objectionable images ranging from child abuse to revenge porn. The risk is that these tensions will become an excuse for restricting freedom of expression, transforming social media from being platforms that enable limitless voices to reach limitless audiences into platforms that allow [...]
In many parts of the world, particularly in emerging markets, women are at a stark disadvantage when it comes to obtaining a loan. Studies have shown that expanding access to credit for women would spur economic growth, yet the financial gender gap remains stubbornly wide. In fact, there are more than 70 countries where women cannot even open a bank account. According to Mary Ellen Iskenderian, president and CEO of the nonprofit Women’s World Banking, emerging financial technologies, or fintech, have the potential to revolutionize access to credit for women in low-income countries by allowing them to receive loans from [...]
In 2015, a report from the McKinsey Global Institute found that up to $28 trillion could be added to global GDP by 2025 if women were allowed to achieve their full economic potential. Yet according to the World Economic Forum, there are more than 70 countries where women are not allowed to open bank accounts or obtain credit. The gender gap in financial account penetration tends to be widest in certain emerging markets, like South Asia, sub-Saharan Africa and parts of the Middle East. Even when financial services are available to them, women often face bias and discrimination at various [...]
