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Mohamed A. El-Erian

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Equality and Empowerment for Women Around the Globe

Posted: 03/ 9/2012 4:06 pm

This post is drawn from remarks at the launch of USAID's Policy on Gender Equality and Women Empowerment in Washington, DC onMarch 1st, 2012.

I am both honored and thrilled to be here. I would like to thank Raj Shah, USAID's Administrator, and Gayle Smith, Special Assistant to the President and Senior Director at the National Security Council, for inviting me.

Thank you for this privilege. And thank you for the opportunity to catch up with some old friends, including two individuals -- Caroline Atkinson here at the White House and Geeta Rao Gupta at UNICEF -- who patiently and effectively taught me a lot when we all served on the board of the International Center for Research on Women.

I am here with my PIMCO colleague, Libby Cantrill. We are thrilled to have the opportunity to interact with you on a topic that we, at PIMCO, believe is a win, win, win: A win for the individual; a win for the unit, be it the family or a company; and a win for society.

Now, some of you may be wondering why people from the private sector were invited to speak at this function. Well, only the organizers know for sure! We can only guess.

It may be because we work for a firm that is committed to gender equality and women's empowerment. PIMCO is a meritocracy that works hard to create a level playing field for its staff, including when it comes to hiring the best talent, empowering, mentoring, training, enabling and investing in them so that they are better able to fulfill their potential. And by doing so, the organization is better placed to deliver for millions of people around the world that have entrusted to the firm the management of their hard-earned savings, pensions and investments.

Our talent management experience is consistent with lots of the research that shows that an appropriate focus on diversity of gender, culture, thought and perspective helps attain excellence. And recognizing this fundamental truth, we are continuously strengthening efforts to enhance diversity -- not only directly, but also through how our colleagues in every one of our offices around the world volunteer their time and financial resources to help those less fortunate members of society, including in the developing world.

Yes, PIMCO is fully committed to engaging, enabling and investing in people. This may be the reason we were invited this morning. But let me also suggest another reason, though this one is unlikely to be known to the organizers!

Until six months ago, I was under the strong impression that we as a firm -- and I as an individual -- were doing well in our diversity efforts; that our multi-year program was helping us overcome impediments that afflict many other firms, especially in the financial sector. So imagine my own surprise when, in the context of a periodic workshop, I was brilliantly confronted by evidence that I may still be vulnerable to a trap that could inadvertently undermine a culture of superior performance and a meritocracy1 -- the trap of unconscious bias.

This recognition has led us to expand further our efforts and training. It has also made us appreciate even more the enormous challenges that girls and women face in developing countries -- the topic of the gathering here today and the focus of USAID's updated policy .

I suspect, though have no evidence, that I may not be the only one in this room when it comes to the risks of unconscious bias. You see, even informed and committed people in the pursuit of good outcomes can, and do, end up falling victim to unconscious biases.

The reality is that, notwithstanding our best efforts, we may not be as neutral as we think we are. We can and do have blind spots. And there are genuine and well-established scientific reasons for this, including the manner in which our brains are wired, how we have evolved over time, how we interact, analytical shortcuts and the way we frame issues.

Unconscious connections, including those centered on gender and culture, can become ingrained in us and for a very long time. As a result, they can impact our behavior, our processes and our decision making.

Now imagine these challenges and multiply them by a very, and I mean very, large number. That is the reality that girls and women face in way too many developing economies, as well as in some segments in advanced countries.

There, girls and women struggle against both conscious (overt) and unconscious (hidden) biases. And the result is a lose, lose, lose situation.

The losses to the individuals are significant. It is not just about foregone opportunities. Research has shown that it is much more than that. Such biases are positively correlated to domestic violence, teenage pregnancy, underage marriages, malnutrition, child mortality and deep and intractable poverty.

The family is also worse off. You see, empowering girls and women is not reducing boys and men. It is about strengthening families.

And then aggregate across many families and imagine the magnitude of the costs to societies that are least able to afford them. They are huge -- in absolute terms and relative to the struggles that too many people face daily in securing food, shelter, health and opportunities.

Yet this is the unfortunate reality of way too many people in way too many countries. And it need not be like this. And it should not be like this.

Many of us have a responsibility, indeed an obligation, to do whatever we can to ensure that both conscious and unconscious biases are better identified and minimized. This is a multi-year, multi-faceted effort. As illustrated by the USAID policy, it involves research, education, advocacy and action; as well as measurement, accountability and mid-course corrections.

For all these reasons, we admire the important work being done on gender equality and the empowerment of women. We strongly endorse the importance of greater and equal opportunities. We fundamentally recognize the importance of fair representation of women as voters and elected officials, as well as the emphasis on labor rights, equal treatment under judicial law, equal and enhanced property rights and proper access to health and education. And, through the efforts of the PIMCO Foundation and PIMCO volunteers, we have started to support initiatives aimed at promoting women's economic wellbeing through small and medium enterprise development, microfinance and workforce development.

Fundamentally, all this is about stronger and healthier families, and about economies that are better able to meet their potential.

Being the parent of an 8 year old, I would emphasize the importance of providing girls with access to high quality education in developing countries. To use a sports analogy, this is not only a form of offense, including providing a critical foundation for higher education, workforce development and greater opportunities. It is also a form of defense, to counter teenage pregnancy, underage marriage and domestic violence.

In closing, allow me to thank you all again for allowing us to participate in this special event. There is much more work to do around the world, in our workplaces, in our communities and in our homes to equally value the contributions of women and girls in society and therefore fully realize the benefits of gender diversity.

We are deeply encouraged by the work of USAID and by many others who are focused on raising the stature of our women and girls to be equal partners and contributors. It is by moving towards greater gender equality and empowerment that we really unleash the power of human excellence and help millions of people - men and women, boys and girls - to escape the curse of poverty, violence and failure to exploit their tremendous potential.

In a world starved for growth and jobs, and in a world subject to worrisome increases in income and wealth inequalities within certain countries, this is also in the global best interest.

Thank you very much.

1 - This PIMCO workshop was conducted by Mahzarin Banaji who is the Richard Clarke Cabot Professor of Social Ethics in the Department of Psychology at Harvard University.

I would like to thank Kim Stafford and Gayle Tzemach Lemmon for their great help in putting these remarks together.

 
 
 
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12:11 AM on 03/12/2012
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07:12 PM on 03/11/2012
I have had the pleasure of collaborating with CWIIL GROUP, and in 2011 they sponsored the education of 5400 girls across the world through their CWIIL GROUP GIRL CHILD EDUCATION INITIATIVE IN DEVELOPING COUNTRIES.
For those interested in more information should get in contact with CWIIL GROUP directly by going to their website for contact details: www.cwilgroup.com
02:11 PM on 03/11/2012
Hey, what about equality for MEN right here in the USA? Last time I checked, only men have to register for the military draft; only women can refuse parenthood; only women have federal offices of health despite the greater male death rates from every major cause of death.....how about getting a clue?
argved
Less socialism (for the wealthy)
03:08 PM on 03/11/2012
You first.
04:12 PM on 03/11/2012
Question: what do you call a male liberal who is diagnosed with prostate cancer (and then realizes that there is 20 times greater funding for breast cancer); or a male liberal who is kicked out of his home after his wife makes an ex parte appearance before a judge and claims, without evidence or corroboration that she was "abused"?
Answer: a conservative and men's rights advocate.
01:39 AM on 03/11/2012
i think its a great topic .you have written very well .even now women are no more behind men now . Greetings from www.maxhungama.com
Zip Zinzel
If a Nation expects to be both Ignorant & Free . .
08:55 PM on 03/10/2012
Great Article, Unfortunately, it is likely to do NOTHING.

There are many, many Arab King, Princes, & leaders who agree with you,
BUT, almost none of them are willing to seriously challenge the religious establishment within Islam on this issue.

IT IS A BLATANT, AND EXPLICIT ARTICLE OF ISLAM
That women are inferior to men
----------
The Quran in Sura 4:34 says:
"Men are managers of the affairs of women because Allah has made the one superior to the other."

THERE ARE MANY OTHER PASSAGES, but this one could not be more crystal-clear
AND AS LONG AS THE KORAN IS HELD TO BE AN ABSOLUTE AUTHORITY
You can't walk this back
**************

THERE ARE MANY HORRIFYING PASSAGES IN THE OLD TESTAMENT
Such as
* Killing a rebellious son
* Killing a child who curses a parent
* Killing a person for "WORKING" on the Sabbath
But the Hebrews long ago, discarded respect for these types of dictates

ISLAM, on the other hand, has many apologists running around trying to "explain-away" evil portions of the Koran, but for the most part, there is little overall movement within Islam to simply disavow these practices
INSTEAD, it is more or less, left up to the individual believer to make up their own minds on such matters, with the practical effect being
. . that the more primitive, more conservative, more PURE, more religious a MALE is,
THE MORE LIKELY HE IS TO ADHERE TO THE LETTER OF THE LAW
. . not some
03:38 PM on 03/10/2012
The US is starved for jobs. Why should the US provide jobs for people in other countries? No more overseas aid. Enough is enough.
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HUFFPOST SUPER USER
opprobrious
More speech. Less Flagging.
06:29 PM on 03/10/2012
Just because you haven't the capacity to see the value in foreign aid doesn't mean there isn't any.
03:36 PM on 03/11/2012
What an insult. You must be a white progressive. 300 million Americans cannot continue to try and support hundreds of millions of people around the world.
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03:05 PM on 03/10/2012
Mostly its about corruption. Women tend to share and build whereas corrupt men tend to use subterfuge.
09:39 AM on 03/10/2012
Free contraception: Women must be stupid?? When a man wants sex? Ask him if he has protection? If not, then tell him to go get some and return. Meanwhile you will get candles and 2 wine glasses. Watch how fast he moves! If he dont return you shouldn't be screwing him anyway! This is a good test even if you have your own condoms just to test his creditability.
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07:31 AM on 03/10/2012
When will we learn that others' cultures are none of our business? Other cultures often have different ideas of what it means to be educated appropriately, and also may have very strict gender roles, which suits their way of life. They may not see "equality" in the way you or I do.

None of our business.
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anon004
Yes, it's true -- reality has a liberal bias
10:06 AM on 03/10/2012
"Very strict gender roles"

Aren'l those code words for men dominate women and feel free to exploit and abuse them?

I guess you also missed the part where helping women helps families, which reduces the birth rate, which decrease poverty. Or, maybe you're just a fan of poverty. Fro other people, of course.
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TraceyES
10:56 AM on 03/10/2012
"which suits their way of life."

Who is this "they"? I bet it's not the women. So...by your reasoning, a group of men in a foreign country enjoy the benefits of oppressing women and -- of course -- only their opinion counts, so the women should chalk up their oppression to "culture" and deal with it.

Nice.
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11:29 AM on 03/10/2012
don't like it?

don't live there!
01:24 AM on 03/10/2012
With women's ability to access contraception now under siege in the U.S., this speech seems incomplete, as other's posts also indicate. It is good to see that someone, somewhere, is paying attention to the gender inequality and bias that has repressed women since the Ice Age, but like Eli says, PIMCO should put the money where their mouth is and break out some funding for Planned Parenthood, right here at home.

It makes me wonder what they want all these impoverished women with too many children for....future slaves? Military g.i. drones? Prisoners? Or maybe the premise of "Soilent Green" is actually being planned for, so they cut the ability of sub-middle class women to get birth control now, and in 10 or 20 years have plenty of fodder for the rich.

Removing religion from governance is paramount. Believe what you want, but when it comes to decisions that affect things like birthrate, food availability, and health, a scientific approach is the only way to come to effective and helpful conclusions. PIMCO seems well-intentioned, but I challenge it to actually make a difference here in our own backyard.

Let's guide the evolution of humankind away from chaos and destruction to a healthy, sustainable future. As the birthers, nurturers, and cullers of our race, it falls to we women to lead our strong but thick-skulled men to a better world.

Our power never left us, we just forgot we had it to begin with.
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07:33 AM on 03/10/2012
"With women's ability to access contraception now under siege in the U.S."

Any woman of age can get contraception. There's no "seige".
08:09 AM on 03/10/2012
really? try being poor in Texas and finding birth control.
Any woman with health insurance and money can get contraception. but in many places that leaves alot of women out.
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anon004
Yes, it's true -- reality has a liberal bias
10:00 AM on 03/10/2012
Any man or boy can get contraception. Why don't you man up and get some? Or, don't you need to?
11:10 PM on 03/09/2012
As a woman, I have seen the unconscious biases; from both men and women. It has cost me promotions where I work for a living. I have been judged not by my ethics or knowledge or qualification; be it work ethic, moral ethic or qualification, but by what others perceive who I am. I simply want to be judged by what I have shown through my actions. I have a high work ethic as well as moral. Yet, I can not seem to get past what others perceive. I am baffled. I know not what more I can do.

The most confusing part is when I am confronted with this kind of bias from another woman. Again, I am baffled.
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07:34 AM on 03/10/2012
You're "baffled"?

Get a different employer.
08:12 AM on 03/10/2012
this is where mentoring comes in.
women can be really bad at office politics but they have to
learn more about how the games works to play it well.
Men that climb the corporate ladder have mentors that help them understand the game.
They seek them out.
your ethics and hard work wont get you very far if your ability to read office politics is poor.
12:02 PM on 03/10/2012
Sounds like working at a place like this is really demeaning. I guess that suits the white, republican male mentality.
11:05 AM on 03/11/2012
I'd have to agree. I'm not a female, but I've had many mentors which helped me get to the top of the "corporate ladder". Many women like to play in office politics and the "stronger" women wins every time because they know how to play the "game". This leaves the other women feeling resentful that "she" (the stronger, smarter women) always gets the promotion and the attention of people higher in the "corporate ladder" and they (the other women) are stuck where they are while their female superior gets to "push" them around. An employer wants someone that is smart and strong, not someone that is weak. In short, the simple statement, "nice guys finish last" pretty much explains why certain people go places and others don't. I've never been one of those "nice guys". I've also had female bosses that felt they had to pound everyone, (women included) because they were on some sort of power trip, you learn how to deal with them too.
10:43 PM on 03/09/2012
Unconscious bias, but he doesn't go into it never talks about some of the underling attitudes. "Strengthening women to strengthen the family", no strengthening women to strengthen women, whether they choose to have a traditional family or not. This article just skims the surface and works within the status quo doesn't really get into it at all.
11:30 PM on 03/09/2012
Agreed. The biases, whether conscious or unconscious are there. How to rectify it? That's what I am looking for........
10:22 PM on 03/09/2012
One of the first things that I notice when reading this article, only one other comment shows. I hope this is not a sign of what is to come for all women in this country and around the world. It seems many, many people would prefer to ignore the facts than to confront them and deal with them.

Thanks for the attention to the matter.
09:51 PM on 03/09/2012
I like the title, however, that's (unfortunately) the best part. The speech itself is typical "white-washed" corporate happy talk that noone with a pulse could disagree with or be offended (or inspired) by. Words like this are too easy and cheap. What would impress me is if PIMCO would put their $$$ where their good intentions are invest in groups and organizations that are working for the empowerment of women and girls, especially in impoverished areas.
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Lady Saera
Love,love,love is the soul of genius, 'Mozart'
06:34 PM on 03/09/2012
"There, girls and women struggle against both conscious (overt) and unconscious (hidden) biases. And the result is a lose, lose, lose situation." It seems here too, there are these strange underlying hatings on women, that many of us clearly from comments, are amazed and astonished at. The airwaves full of males taking women to task for everything from their sexuality to their rights.
This shoujld matter, to women especially, Im a bit surprised there are so few comments so far.
Beautiful article, this is wonderful.