Alliance for Global Good- Gender Equity and Equality

• 22 Jan 2024

Source: PIB

Why in News?

India established the "Global Alliance for Global Good - Gender Equity and Equality" at the 54^th annual World Economic Forum (WEF) in Davos, gaining full support from WEF for promoting women's empowerment and gender equality.

What are the Key Highlights of the Alliance for Global Good- Gender Equity and Equality?

• The alliance is a response to the G20 Summit 2023 Leaders' Declaration and India's commitment to women-led development.
  • It seeks to build on the initiatives of the Engagement Group and frameworks like Business 20, Women 20, and G20 EMPOWER.
    • The G20 Alliance for the Empowerment and Progression of Women's Economic Representation (G20 EMPOWER) is an initiative that aims to increase women's leadership and empowerment in the private sector.
• The primary objective of this new Alliance is to bring together global best practices, knowledge sharing and investments in the identified areas of women’s health, education, and enterprise.
• Supported by the Bill and Melinda Gates Foundation, the alliance will be housed and anchored by the Confederation of Indian Industry (CII) Centre for Women Leadership.
  • CII is a non-government, not-for-profit, industry-led and industry-managed organisation that works to create and sustain an environment conducive to the development of India.
• The WEF has come on board as a ‘Network Partner’ and Invest India as an ‘Institutional Partner’.
  • Invest India is a national Investment Promotion & Facilitation Agency. It was set up in 2009 as a non-profit venture under the Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry.
• The alliance aims to champion women-led development, leveraging India’s spectacular inclusive growth story and its philosophy of “Sabka Saath, Sabka Vikas and Sabka Prayas” (Together with all, Development for all and Effort for all).

World Economic Forum

• The World Economic Forum is the International Organization for Public-Private Cooperation.
  • The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas.
• The WEF was founded on 24^th January, 1971 by German engineer Klaus Schwab. headquartered in Geneva.
  • He introduced the concept of “stakeholder capitalism.”
• The WEF is best known for its annual meeting at Davos, Switzerland. The event attracts political and business leaders from around the world for discussions about global issues.
• Major Reports:
  • Global Competitiveness Report , Global Gender Gap Report, Energy Transition Index, Global Risk Report, Global Travel and Tourism Report.

UPSC Civil Services Examination, Previous Year Questions (PYQs)

Prelims

Q1. Which of the following gives ‘Global Gender Gap Index’ ranking to the countries of the world? (2017)

(a) World Economic Forum
(b) UN Human Rights Council
(c) UN Women
(d) World Health Organization

Ans: (a)

Q2. Who among the following is the founder of World Economic Forum? (2009)

(a) Klaus Schwab
(b) John Kenneth Galbraith
(c) Hobert Zoellick
(d) Paul Krugman

Ans (a)

Q3. The Global Competitiveness Report is published by the (2019)

(a) International Monetary Fund
(b) United Nations Conference on Trade and Development
(c) World Economic Forum
(d) World Bank

Ans: (c)