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Re:The More Gender Equality, the Fewer Women in STEM by halflings on Monday February 19, 2018 @03:19AM (#16411507)
Anecdotal +1 to this thesis, which is also presented in the article:

I come from Morocco (quite similar to Algeria/Tunisia, which seem to have the highest % of women in STEM), and people are first looking for a job that will guarantee financial freedom. STEM jobs seem to be the most likely to guarantee this, and as such there's more women interested in these fields.

Looking at the graph however, this doesn't seem to explain the full variance (many developing countries have lower levels of representation).

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