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It is for this reason that, earlier this year, Bloomberg launched its Financial Services Gender-Equality Index (GEI), a reference index that measures gender equality in the financial services industry.
MDG3 measures gender equality in education, employment and the proportion of women in national legislatures.
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The agency has added other formal indexes to measure gender equality, gender empowerment and poverty.
Still, so much is not captured systematically by regular social or economic surveys, which are critical for measuring gender equality, and also for tracking progress towards SDG5.
One measure, gender equality experts say, would be for schools to take a hard look at established practices and language, possibly with a nudge from lawmakers.
I'm tempted to accept this critique -- I've been bitching about measuring "gender equality" by the percentage of women in national parliaments for years -- but it's worth pointing out some caveats in it, too.
Despite growing numbers of women in banking, medicine and academia, Turkey lags behind other European countries on most measures of gender equality.
But Raggi's election would represent a major advance in a country that lags behind European counterparts when it comes to women's representation in the workplace and other measures of gender equality.
Yet in a country that scores abysmally in global measures of gender equality and has experienced false hopes of change in the past, these women's departures are seen as a setback.
Compared to other Asian countries, however, Vietnam performs relatively well on some measures of gender equality.
Many of the measures concerning gender equality interplay with the economy and more specifically, the workforce.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com