Women Heading C-Suite Roles in Economic Research Sector

- BY Jaspreet Kaur
Feature Writer, BusinessEx
- |
- Oct 10,2018
- |
11 Mins Read
Economic research, which is deemed the most crucial division in the global market, is now spearheaded by women. After three waves of feminism, it’s the fourth wave that is speaking of women power and transiting the world altogether.
Recently, news of appointing Indian-American economist Gita Gopinath brought hope to the women who seek a career in the economic research sector. Gita Gopinath and other female professionals, who are placed as Chief Economists in the reputed institutions, are role models for other female aspirants. The other women professionals who are designated as Chief Economist in different institutes involving economic research are:
- Laurence Boone- Chief Economist advisor at OECD
- Pinelopi Koujianou Goldberg- Chief Economist at World Bank
- Clare Lombardelli- Chief Economic Adviser to UK Treasury
These women economists are considered the best in their field and are highly experienced, as well as carry vast academic qualifications, in economics. Furthermore, with the appointments of these professionals on the C-suite level, the gender ratio on the senior organizational positions has a bit lopsided on the female's side.
Earlier on, women were considered inappropriate for high-level positions in the organizations because they were believed to be inefficient for holding supreme power. However, the present era has debunked the myth and has proven that women in all business, as well as non-business sectors, can perform incredibly well like their male counterparts. Besides this, their appointment has falsified the notion of trapping women with four walls.
A few major uplifts that would be experienced following the administering of organizations by women professionals:
- Heterogeneity at the top level positions
Earlier, organizations were male-driven and thus, all major decisions were taken by them. As a result, women did not have a say in the patriarchy and hence, they were not offered senior posts. However, with the shifting trend, women are now considered better professionals than males. In addition, their personalities have a salience which, in turn, gives them more recognition amidst other employees.
- Better Working Environment
With women leading top companies, it would be safe as well as prospering for other young women to join the arena. As company norms, regulations and policies will be decided concerning both sexes. Thus, the working environment will neither be too harsh nor too lenient for employees.
- Balanced Decision-making
Earlier on, men used to be decision makers of important policies which were directly impactful on social, cultural and political niches. Though, by the participation of women, the policy decisions would not be solely taken by the male-dominated community. Now, women will likely to have equal participation in the decision-making process and, in turn, will give balanced decisions.
Since intellectual female economists are designated to be top posts so women will easily equalize men in economic matters. In addition, lesser conflicting opinions would be there between both the sexes at the C-level.
The benefits gained by placement of female economists at the top level are manifold. It is hoped that economy prosper and market strengthens under the hands of these intellectuals.
More from Jaspreet Kaur
5 C’s Entrepreneur must be aware...
Getting a Loan is a difficult task so one must be prepare...
July 11, 20173 Min Read
What incubator provides startup...
Startups need incubators for their overall development...
January 10, 20183 Min Read
When Is Debt Better Than Investment?
An entrepreneur must consider lending as an option...
January 17, 20183 Min Read
8 Food Business Ideas Pick Up Steam...
Seeking business opportunity in the food industry then...
January 18, 20183 Min Read
How to maintain a good business...
A good relation between mentor and entrepreneur builds...
January 20, 20183 Min Read
How online networking helps small...
A one stop solution for all business related problem...
January 22, 20183 Min Read
Why invest in the leisure and entertainment...
Investing in the leisure and entertainment industry...
January 23, 20183 Min Read
Why you should invest in a startup?
Investing in a startup is the fastest way to get a...
January 24, 20183 Min Read
When is the right time to exit...
Starting a business is not a child's play so it is...
January 29, 20183 Min Read
5 things good mentors do differently
An entrepreneur seeks the support of a mentor in the...
February 05, 20183 Min Read
7 reasons why buying a business...
Buying an established business means that you are one...
February 06, 20183 Min Read
Social Media for Brand Promotion
Small businesses are building up their own brand name...
February 09, 20183 Min Read
Recommended for you
- September 30, 2021
- September 07, 2021
- September 10, 2021
Latest News & Articles
- July 11, 2017
- January 10, 2018
- January 17, 2018