A critical – yet often overlooked – condition for reducing inequality and ensuring that the benefits of globalization are more widely spread is a robust and growing class of entrepreneurs, managers and financial leaders in developing countries – especially one that promotes opportunities for women.
In March 2008, Goldman Sachs announced a significant new initiative that has two goals: increasing the number of underserved women receiving a business and management education and improving the quality and capacity of business and management education around the world.
Expanding the entrepreneurial talent and managerial pool in developing and emerging economies – especially among women – is one of the most important means to reducing inequality and ensuring more shared economic growth.
The initiative has six components:
10,000 Women Over Five Years Will Receive a Business and Management Education
Build Quality and Capacity Through Global Business Sister School Partnerships
Establish Mentoring and Post-Graduation Support for Women Entrepreneurs
Work with Leading Research and Women’s Development Organizations
Develop Partnerships in the United States to Help Disadvantaged Women
Commit the Time and Dedication of Goldman Sachs People
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