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Can Governments Purchase Their Way to Greater Gender Equality?

The world of business is still extremely gender-unequal. Across the countries in the World Bank’s enterprise surveys, less than one in five firms are run by a woman, for example. Governments could help fix that problem by using their immense purchasing power (close on $10 trillion a year in procurements) to foster the growth of women-owned enterprises. But at the moment—at least in the US—the government is a laggard rather than a leader when it comes to awarding contracts to women owned business. It’s time for that to change.