Pros

Cultural differences can encourage more innovative, creative, and productive business start-ups due to complementarities in skills and approaches.

Productivity gains resulting from cultural diversity may be higher in more economically advanced societies, as they have more financial and institutional resources to take advantage of diversity.

Enterprises with more women in top management positions are more successful in transition economies.

Companies with more female managers are better positioned for serving untapped markets dominated by women and children and for improving corporate governance.