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Goldman Sachs Exchanges

The economic potential of closing gender and racial gaps

Goldman Sachs Exchanges

Goldman Sachs

Business

4.41K Ratings

🗓️ 22 August 2023

⏱️ 28 minutes

🧾️ Download transcript

Summary

Goldman Sachs Research’s Sharon Bell and Gizelle George-Joseph discuss the progress, challenges, and opportunities facing women and Black Americans, respectively, and why reducing racial, gender, and economic inequities could ultimately raise global growth over the long term.

Transcript

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0:00.0

The journey toward economic equality and inclusive growth is a critical part of creating a fairer society.

0:06.4

But are we making progress in creating equal opportunities for all segments of the population,

0:11.6

and what's the economic potential of doing so.

0:14.7

It's partly that there are more funds now which are focused on social, environmental,

0:19.8

governance issues, the ESG funds that we talk about, and diversity is one of the factors that they look

0:25.4

at amongst all of this. I think it's partly following the money, and I think it's also partly

0:30.3

that society has realized the progress women have made and the economic

0:33.4

contribution they've made has been enormous. So the changes that we've seen a society

0:37.3

have helped as well. I'm Allison Nathan and this is Goldman Sachs exchanges. For this special episode, I'm speaking with my colleagues in Goldman Sachs research,

0:54.1

Sharon Bell and Giselle George Joseph, who've recently published research looking at the

0:58.4

progress, challenges and opportunities facing women and black Americans respectively.

1:03.9

They also discuss the potential policy solutions that can help reduce racial, gender, and economic

1:08.9

inequities, as well as the role that the private sector can play and why doing all of this could ultimately

1:14.6

raise the level of global growth over the long term.

1:17.6

Sharon Gisell, welcome back to the program.

1:19.6

Thank you so much, Allison.

1:21.2

Thank you.

1:22.2

So let's start with some context on your research.

1:24.6

Giselle you recently published a piece entitled Historically Black

1:28.7

Historically Underfunded Investing in HBCUs Sharon, you published a report called Women Still Hold Up Half the Sky.

1:37.0

Both of these pieces are part of a body of research looking at longer term economic and policy issues.

1:42.0

Why has Goldman Sachs research published on issues of gender

...

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