Women can change the world by global participation and empowerment: A pathway towards a care economy

Gender equality refers a society in which men and women show equivalence in opportunities, rights and duties in all orb of life. A crucial aspect of supporting gender equality is the empowerment of women, with a focus on identifying and rectifying power imbalances and giving women more autonomy to administer their own lives. The empowerment of women has become one of the most significant concerns of 21st Century not only at National level but global level also. Women's empowerment is essential to realization of human rights and sustainable development, which is the need and the call of today. The present paper is an attempt to analyze the association between Gender Gap Scores and GDP (PPP) per capita of 135 countries for the year 2012.The scores are taken from, The Global Gender Gap Index introduced by the World Economic Forum in 2006, which is a framework for capturing the magnitude and scope of gender-based disparities and tracking their progress. The Index benchmarks national gender gaps on economic, political, education- and health-based criteria, and provides country rankings that allow for effective comparisons across regions and income groups, and over time. By the help of these rankings greater awareness can be created among a global audience and the methodology and quantitative analysis behind the rankings are intended to serve as a basis for designing effective measures for reducing gender gaps. The study reveals that there is a significant association between the Gender Gap Scores and GDP (PPP) per capita which is assessed through Correlation and Regression statistics. This study empirically concludes that all the countries must try to reduce the gender gaps between males and females and empower women in terms of education and all important paradigms of life to improve GDP (PPP).The explanation for this is that as the women are empowered, they could realize their full potentials and thus in turn enhances the economic condition of the society. All such strategies should be adopted which help in reversing the position of disempowered to empowered state of women to make a significant change in their present position globally. In this regard the role of female education is crucial. However the apparent disparity in education between male and female is detrimental for the economic well being of the world.