The year 2024 will witness important developments in women’s rights and gender equality. The “Women, Business, and the Law 2024” report published by the World Bank examines the legal and regulatory barriers affecting women’s participation in economic life around the world. This report evaluates 190 economies and reveals the challenges women face in business life and the measures taken to overcome these challenges.

Key Findings of the Report

Legal and Regulatory Barriers

The report identifies legal and regulatory barriers that limit women’s full and equal participation in economic life. For example, in some countries, women are prohibited from working in certain sectors, while in others the permitting process for women to start their own businesses can be more difficult and lengthy than for men.

The report, shows that legal barriers limiting women’s economic participation still exist in many economies.

Economic Participation and Opportunities

The report also highlights the steps that need to be taken to increase women’s economic participation.

“Increasing women’s labor force participation rates can spur economic growth and play an important role in reducing poverty.” – World Bank.

Legal Reform Recommendations

The report also includes recommended legal reforms to increase women’s participation in economic life. These reforms include enacting stronger laws against gender discrimination in the workplace and implementing policies that encourage women’s participation in the workforce.

“Proposed legal reforms to increase women’s participation in economic life include stronger laws against gender discrimination in the workplace and the implementation of policies that encourage women’s participation in the labor force.” – World Bank.

Türkiye and Gender Equality

Türkiye is also included in this global report and presents significant challenges and opportunities for women’s participation in economic life. Women’s labor force participation rate in Türkiye remains below the world average, but recent legal regulations and social awareness efforts aim to improve this situation.

The report “Women, Business, and the Law 2024” sets out in detail what needs to be done to ensure women’s full and equal participation in economic life. Increasing women’s economic participation brings huge benefits not only for individuals, but also for societies and economies. Therefore, achieving gender equality through legal reforms and social awareness raising is key to sustainable development.