Puerto Rico Economic Pulse ©

July 2006: The Engine of the World Economy

On the role of women in the economy and society overall

If you think China, India, and other emerging economies are the new engines of the world economy, you are wrong. Women are now the largest force behind economic growth across the globe. More and more women are joining the labor force, and making a substantial contribution in many fields. High achievements in education, democracy, and other favorable changes have led women to play a key role as executives, professionals, technicians, and even in the political stage. This issue reviews some of the highlights of this worldwide evolution, that pundits have named womenomics. We will also assess the role of women in the Puerto Rican society and review one of the most controversial issues in Puerto Rico: the labor market.