Chitkara Open Access Journals - Blog

Harnessing Women’s Potential as a Soft Engine for Growth – Lessons from Contrasting Trajectories between Finland and Japan for Growing Economies


  • Chihiro Watanabe, Faculty of Information Technology, University of Jyväskylä, Finland; International Institute for Applied Systems Analysis (IIASA), Austria
  • Kashif Naveed, and Pekka Neittaanmäki, Faculty of Information Technology, University of Jyväskylä, Finland


Gender balance, Gender balance intensity, Women board members, Trilateral co-evolution, Cultural dimension, Self-propagation


Harnessing the vigor of women’s potential is essential for inclusive economic growth in a digital economy moving toward aging society. This can be a soft engine for sustainable growth substitutable for costly hard investment. While there exists explicit evidence of a virtual cycle between economic growth and gender balance improvement, emerging countries cannot afford to overcome the constraints of low income. Given the foregoing, this paper analyzed possible co-evolution between economic growth, gender balance improvement and digital innovation initiated by information and communication technology (ICT) advancement. Using a unique dataset representing the state of gender balance improvement in the function of economic growth and ICT advancement, an empirical numerical analysis of 44 countries was attempted….



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