The economic and social costs of gender discrimination are huge. Discrimination obstructs women’s participation, reduces their productivity and diverts resources. Barriers to female employment raise labour costs and lower international competitiveness, preventing women from entering the market at competitive wages.
Higher female participation and the (assumed) increase in employment would raise output and output growth in the region (table 3.1). If the increase is absorbed to generate productive employment, per capita GDP will rise even if wages and productivity remain the same. Both supply and demand effects play a role. Increased employment could boost production, especially in labour-intensive sectors. Higher income from new employment could also stimulate consumption and domestic demand.
Did I miss this or did the local newspaper didn’t report this and instead chose to report on the postive side of the report: “Asian nations vulnerable to currency crisis, leaves Malaysia out”. Seriously, the article’s worth a read, download the full report below.