Archive for category: Economy

Information and stories about economy.

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5 Things to Know About Poverty in Czech Republic

Poverty in Czech RepublicIncome poverty in Czech Republic is found predominantly among the unemployed, but can also be found in different aspects of the region including the working poor, which make up a small percentage of the population. People may also be at risk of poverty by social policy tools and low median wages. Over the years, though, the risk has become less likely and there have been small successes for the region. Some things to know about poverty in the Czech Republic include:

  1. The risk of poverty in Czech Republic reduced after the country joined the EU. Also as a result, Czech Republic now has the lowest poverty rates in the EU. Although salaries have gone up, so too have expenses, and so about 1.5 million people live on or below the poverty line. But thankfully, the overall percentage has gone down slightly compared to the past year.
  2. The Czech Republic is a developed country with a high-income economy. Its economy revolves around its employment rate, which the region is adamant on maintaining.
  3. With the pressure on public funds, Czech Republic‘s focus has been on increasing employment levels rather than supporting the working poor. As a result, the region has one of the lowest unemployment rates of 5.2 percent as of 2016.
  4. Three percent of the working population is the working poor. Czech Republic has the lowest minimum wage based on the median national wage, and legislation of minimum wages prevent related issues of poverty.
  5. The country has a prosperous market economy with one of the highest GDP growth rates. Its exports largely consist of automobiles that comprise some 80 percent of GDP.

There have been actions taken to reduce the possibility of the recession on the working poor — that is, maintaining employment levels that support the economy. Although there is no set result on this concept, the goal of reducing poverty in Czech Republic is ever-present in the country.

– Brandi Gomez

Photo: Flickr

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Why is Botswana Poor?

Why Botswana is PoorBotswana, located directly north of South Africa, is slightly smaller in size than Texas and has a population size of about 2.2 million. From 1867 to 1966, Botswana was under the rule of Great Britain, which limited its economic growth, as Britain used Botswana for its benefit. Nowadays, though, why is Botswana poor?

After achieving independence in 1966, Botswana saw its economy boom, in part due to the discovery of diamonds within its borders. Previously, Botswana had been one of the poorest countries in Africa, but it has continually grown economically, with an average GDP growth rate of 5 percent per annum in the last ten years.

Although Botswana has vastly improved since gaining independence, as is additionally supported by its dropped poverty rate from 50 percent in 1966 to 19 percent today, poverty is still a significant problem within Botswana. Focusing on rural areas where poverty is most present, one can find answers to the question “why is Botswana poor?”

Botswana has a lack of economic diversity; its two major sectors are the diamond industry and tourism. Rural subsistence farming and cattle raising account for an additional large portion of Botswana’s workforce. Botswana’s dependence on the diamond industry for economic growth creates economic instability.

The diamond industry accounts for 85 percent of Botswana’s export earnings. Dependency on diamonds, a luxury item, causes Botswana to be very vulnerable to economic downturns in developed countries, such as the 2008 recession. Economic growth has risen and fallen multiple times since the 2008 recession – most recently it grew 2.6 percent in 2016.

The diamond industry cannot support all of Botswana’s people, however, especially as it is mostly mechanized and therefore does not create a vast amount of jobs. Many Batswana survive through the agricultural industry, which is also unstable due to chronic droughts plaguing Botswana.

Why is Botswana poor? The years of 2015-2016 saw the worst drought to hit Botswana in 34 years. Many groundwater sources went dry, and dams fell to below 20 percent of their capacity. Unstable agricultural conditions in a country where nearly half (48.5 percent) of land is for agricultural use, contribute to poverty.

Another major reason why Botswana is poor is the intensity of HIV/AIDS within its borders. Although Botswana no longer ranks as the country with the highest rate of HIV/AIDS infection in the world, it is third-highest, with an adult prevalence rate of 21.9 percent. The HIV/AIDS epidemic is hugely detrimental to society and the economy.

A high prevalence of HIV/AIDS creates a diminished workforce and poses problems for employers that need to provide healthcare and death benefits. It also increases the gap between wealthy and poor within Botswana, as more affluent individuals and families are better equipped to pay for health expenditures and financially cope with the loss of a family member than an impoverished family.

– Mary Kate Luft

Photo: Flickr

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Human Rights in Montenegro Have Room for Improvement

Human Rights in MontenegroMontenegro, which declared its independence from the State Union of Serbia and Montenegro on June 3, 2006, is classified as an upper middle-income economy by the World Bank. Overall, the state of human rights in Montenegro seems to be better than that of other countries in the developing world. This being said, there is also still work to be done.

One of the areas in which human rights in Montenegro are relatively well protected is political freedom. Montenegro is a mixed parliamentary and presidential republic with a multiparty political system, in which the voters elect both the president and the unicameral parliament through popular elections. According to a preliminary report published by the observation mission of the Organization for Security and Cooperation in Europe’s Office for Democratic Institutions and Human Rights (OSCE/ODIHR), the elections held on October 16, 2016 were conducted in a competitive environment, and the fundamental freedoms of voters were generally respected. The Montenegro Human Rights Report, published by the U.S. State Department in 2016, also stated that there were no reports of the government’s involvement in arbitrary or illicit killings, and no reports of politically motivated disappearances.

However, some problems still remain unresolved, especially those involving restrictions on the freedom of press. For example, On October 22, 2015, a freelance journalist named Jovo Martinovic was arrested on suspicion of involvement in a drug-trafficking scheme. Many have voiced concerns that the evidence against Martinovic offered by the deputy special prosecutor is weak at best. Moreover, the journalist has contended from the beginning of his detention that the only reason he spent time with the criminal group was to fulfill his duties as an investigative journalist. This incident has clearly illustrated the Montenegro authorities’ lack of respect for media freedom.

Other reported problems in human rights in Montenegro include corruption and lack of transparency in government, impunity for war crime, and violations of the right to peaceful assembly. Whether the country will be able to achieve noticeable improvement in these areas still remains to be seen.

– Minh Joo Yi

Photo: Flickr

How to Help People in Bahrain

How to Help People in BahrainBahrain was predicted to have a significant amount of fiscal debts in coming years in July 2016. The debt of Bahrain’s government was expected to rise from 44 percent in GDP (gross domestic product) in 2014, to 83.7 percent in 2016. The answer to how to help people in Bahrain is to prevent such predictions from coming true, and solutions can be seen through the country’s recent opportunities.

The Economic Development Board characterizes Bahrain as a “legislative sector” and “strong financial system,” — a standing which attracts investors. Bahrain is also able to transfer profits, funds and capital without restrictions. Bahrain’s free and open economic policy has given its country the reputation of a fast-growing financial center in the Middle East.

As for Bahrain’s labor productivity rate, the country has seen only a 17 percent increase in this sector over the past 25 years. Compared to countries with labor productivity rate increases of 21 percent, Bahrain’s rate is relatively small. Bahrain also increased its employment rates by offering jobs to citizens in the country’s public sector. However, the jobs were low-wage, causing Bahrain to face a shortage of quality employment.

Hamad bin Isa Al Khalifa (Bahrain’s king in 2008) launched a development program called Vision 2030 to improve Bahrain’s economy. The program aimed for more Bahraini families to have twice as much disposable income by 2030. Less than a decade after Vision 2030’s launch, Bahrain’s economy has grown by 28 percent, and from 2009 to 2014 international investments into Bahrain have risen threefold.

Infrastructure investments in Bahrain have helped the country boost its non-oil sector by 3.7 percent. The sectors that helped this growth were particularly strong in financial performance, social services and construction. Additionally, Bahrain’s volume of active projects doubled from $1.6 billion in the first quarter of 2016 to $3.2 billion in February 2017.

After a six-year absence from Bahrain, Ethiopian Airlines announced in July 2017 that it would resume its services to the country. Ethiopian Airlines will offer three flights per week between its base in Addis Ababa-Bole and Manama (Bahrain’s capital). The airline calls Bahrain a “centre of the main trade routes” with a decade’s worth of growing economy; this too shows how to help people in Bahrain.

Bahrain’s manufacturing sector accounts for 14.4 percent of the country’s GDP. Bahrain also has investment and international growth opportunities in the sub-sectors of food, industrials, and beverage (F&B) and fast-moving consumer goods (FMCG).

The country plans to invest $32 billion in infrastructure projects in the coming years as well. One-third of the expenses will go toward Bahrain’s manufacturing sector.

Bahrain also works to enhance infrastructure and create more attractions to increase tourism. Earlier this year, Bahrain held an event called “Shop Bahrain” that managed to attract 130,000 shoppers from Saudi Arabia, Kuwait and other neighboring Gulf states. More business coming to Bahrain could mean more job opportunities for Bahrain’s citizens.

With trade, tourism and Vision 2030, Bahrainis may have many economic opportunities to come. This could prove especially helpful for the four percent of unemployed Bahrainis. These opportunities and the efforts in place to help the country’s economy demonstrate feasible methods of how to help people in Bahrain.

– Rhondjé Singh Tanwar

Photo: Flickr

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Why is Burundi Poor?

Why is Burundi PoorBurundi is a small East African nation located near Rwanda. Unfortunately, 58 percent of the population is chronically malnourished. Only 28 percent are food secure. With a GDP per capita of $818, it is the third poorest nation in the world. How is this nation one of the hungriest in the world, and why is Burundi poor? There are several reasons Burundi is poor and hungry. Below are four.

1. Conflict

Burundi has been involved in a cycle of civil wars since they obtained independence from Belgium in 1962. The nation has recorded five episodes of civil war that have claimed more than 500,000 lives and have produced about a million refugees. Consequently, this cycle of war has created an extremely unstable political environment. What is more, the latest two civil wars—one from 1993-2005 and another in 2015 after the controversial reelection of President Pierre Nkurunziza for a third term on a technicality—further crippled Burundi’s economy.

Conflict hinders agriculture, the backbone of Burundi’s economy. In fact, 90 percent of the population depend on agriculture for their livelihood. Due to Burundi’s civil war, poverty increased from 48 to 67 percent of the population between 1994 and 2006. Rising food prices (including a 28 percent increase in 2007-08) affect families’ livelihoods and increase their susceptibility to repetitive natural threats. These threats include flooding, droughts, landslides and the impact of climate change.

War has also impeded manufacturing. For example, the 1993-2005 civil war caused manufacturing production to decline by an average of 13 percent per year between 1993 and 1997.

Finally, war economies are short-term oriented. Even when wars end, post-war economies must overcome a destroyed infrastructure, a devastated productive sector because of allocating resources to fund the war, lack of funds and a dearth of moral standards. These facts make it easier to understand why the rate of investment in the Burundian economy declined during the 1993-2005 civil war years. The rate of gross investment declined from 17.5 percent in 1990 to a mere 5.6 percent in 1998.

Why is Burundi poor? The continuous cycle of violence and war has been a major detriment to Burundi’s economy and has increased the amount of people in poverty in the country.

2. Inefficient Management of Public Finances and Resources by the State

The state of Burundi regularly interferes with the economy. It subsidizes fuel and rations subsidized electricity. The government also influences other prices through state-owned enterprises and agriculture-support programs. Economic freedom is not allowed, and this weakens entrepreneurial activity. The state also takes away private property from citizens.

Whys is Burundi poor? Poor economic planning and management from the government prevents economic growth.

3. Little Land to Support the Growing Population

Burundi is landlocked, and its population is continually increasing. Land is the greatest source of conflict in Burundi. The country is overpopulated and rural, so land is valuable because it is a source of agriculture. Land is a source of life and death. In fact, 89 percent of the population are subsistence farmers and depend on the land to grow food for their families.

In his study, “Why Has Burundi Grown So Slowly?” Janvier D. Nkurunziza cites a 1998 study from the Entequete Prioritaire (EP 1998) that stated the average farmer in rural areas of Burundi walked an average of one hour to get to the nearest marketplace, and it took them 30 minutes to get to the nearest grocery. In addition, there is only one market day per week in many rural areas, and there are no storage areas for perishable produce. Because of this, farmers have no incentive to create surplus. EP1998 data further shows that Burundian producers consume on average 64 percent of their own food produce. The farmers farm to survive, not to grow wealth.

Why is Burundi poor? With a fast-growing population and too little land to house them all, resources and livelihoods are more difficult to acquire and improve.

4. Droughts and Other Natural Disasters

Burundi has suffered from an unusually high number of natural disasters. Droughts, torrential rain, floods and hailstorms have been particularly destructive in recent years. Disasters have contributed to the displacement of communities; the destruction of homes; the disruption of livelihoods and the further decline in food and nutrition security.

Other effects of the disasters include decreases in land productivity and an increase in crop pests. Regions affected by recent natural disasters are also at risk for permanent food insecurity and weak nutritional conditions. Overcrowded areas (about 270 inhabitants per km2, and up to 400 per km2 in the most densely populated areas) have also contributed to greater food and resource scarcity in affected areas.

Why is Burundi poor? Natural disasters through an already impoverished nation into a state of crisis, causing food shortages and displacement.

The history of conflict and leadership in Burundi has had long term consequences for the state of poverty in the country today. The recent decision by several western countries to discontinue aid to Burundi to compel its state to genuinely reform systemic issues that contribute to conflict is not helping poverty in the interim. However, humanitarian aid programs such as the World Food Programme (WFP) and UNICEF offer hope that someday, the Burundian people will overcome the perpetual cycle of poverty through compassion and help from their fellow man. Burundi has a long journey ahead on the path to reform. Understanding its history helps answer the question: why is Burundi poor?

– Jeanine Thomas

Photo: Flickr

Poverty in Romania on the Decline Despite the Odds

Poverty in RomaniaSituated on the Black Sea, Romania is the largest of the Balkan countries. Romania has a population of 21.4 million, one of the biggest in the EU. Unfortunately, poverty in Romania exists at one of the highest rates in the EU as well.

Poverty in Romania is stunning and widespread, affecting millions of people. Two measures of poverty in Romania are relative poverty and absolute poverty. Relative poverty is the number of citizens whose disposable income is lower than 60 percent of the population’s median income. In 2014, Romania ranked first in the EU for highest relative poverty rate, with 25 percent of its citizens facing relative poverty.

Absolute poverty is the lack of basic human needs such as food, safe drinking water, shelter, health, education, facilities and access to services. In 2000, the rate of absolute poverty in Romania was 35.9 percent and dropped to 13.8 percent in just six years, showing that progress has indeed been made in the country.

Several populations in Romania are vulnerable to poverty. More than 50 percent of children in Romania are at risk for poverty. This statistic places Romania as the country in the EU with the greatest risk of children facing poverty. Poverty in Romania is also at its highest in rural areas, where 45 percent of the population lives. This is the highest population in the EU to live in rural areas in a given country. The majority of Romanians who live in rural areas are subsistence farmers or unemployed rural workers, which is why 70 percent of the rural population in Romania lives in poverty. Finally, the populations most susceptible to poverty in terms of households are single persons, single parent families, families with three or more children and single people over the age of 65.

Romania’s history and changing governments affected change in poverty levels. After World War II, Romania became a socialist state in a communist regime, which entailed widespread social welfare. In 1990, right before the fall of communism, the poverty level in Romania was only seven percent. After the fall of communism in 1990, however, generalized social welfare was reduced.

Other causes of poverty in Romania include poor infrastructure, which affects everything from schools to medical centers. Regarding widespread rural poverty, there are more employment and educational opportunities in urban areas, as more money is invested in urban areas. Romania also suffers the consequences of bad foreign exchange rates as it does not use the euro and five to six percent of its GDP comes from remittances.

Progress has been made in decreasing poverty and growing a successful economy. Romania joined NATO in 2004 and joined the EU in 2007. Romania has enjoyed significant economic growth from 2013 to 2016 as a result of industrial exports, optimal agriculture harvests and trade within the EU.

Social welfare also benefits many poor Romanians. Today, social welfare is divided into multiple categories. Some benefits of Romania’s current social welfare system include free maternity care, an allowance for children and mothers, free education, subsidies for heat and electricity, unemployment aid and pension. It is important to note that certain benefits vary depending on the case.

The rate of poverty in Romania is very high for a country in the EU, but Romania continues to make progress in reducing poverty rates, providing social welfare and stabilizing its economy.

– Christiana Lano

Photo: Flickr

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10 Facts About the Poverty Rate in Kosovo

Poverty Rate in KosovoKosovo, also known as the Republic of Kosovo, is located in the central Balkan Peninsula. According to the CIA, Kosovo has a population of 1,882,018. Kosovo is the second-poorest country in Europe. Due to a high level of corruption and little contract enforcement, poverty is a huge problem in Kosovo. Here are 10 facts about the poverty rate in Kosovo:

  1. The unemployment rate in Kosovo was 34.8 percent in 2016, which means almost one-third of the labor force in Kosovo does not have jobs. The rate increased 0.2 percent, from 34.6 percent in 2015 to 34.8 percent in 2016. Kosovo is ranked 197th on a list of unemployment rates worldwide.
  2. Thirty percent of the population in Kosovo fall below the poverty line, which means more than 550,000 people in Kosovo live in poverty.
  3. Kosovo’s GDP was $18.49 billion in 2016, which places it at 149th in the world.
  4. Kosovo’s GDP per capita in 2016 is $9,600, which makes it the second-poorest country in Europe. Kosovo’s GDP per capita is ranked 140th in the world overall.
  5. Youth unemployment is also a problem in Kosovo. The youth unemployment rate is near 60 percent in Kosovo.
  6. Kosovo’s official currency is the euro. However, Serb majority communities are illegally using the Serbian dinar as an official currency.
  7. The inflation rate in Kosovo is 0.2 percent, which is ranked 43rd compared to all the other countries in the world.
  8. According to research data, the majority of Kosovo’s citizens live with a monthly income of fewer than 500 euros. Most of this income is spent on food and daily supplies, which leaves little for medical care and entrainment.
  9. Kosovo’s citizens lack affordable health services. The government’s budget for health care can only cover 60 percent of medications considered essential. Treating serious diseases like cancer is unaffordable for most families in Kosovo.
  10. Kosovo’s economy has shown progress as it transforms into a market-based system. However, Kosovo’s economy also depends heavily on the international community for financial and technical assistance.

Although Kosovo’s economy is facing many problems and the poverty rate in Kosovo is still relativity high, Kosovo’s economy is making progress. Reducing the unemployment rate and raising living standards are the two major things Kosovo should be focusing on to improve the economy and reduce the poverty rate.

– Mike Liu

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China’s Poverty Reduction Plan Making Strides

China's Poverty Reduction PlanThe 11th ASEAN-China Forum on Social Development and Poverty Reduction took place in Cambodia’s Siem Reap province. During the meeting, over 120 government officials, experts and scholars from China and ASEAN countries gathered together. They discussed China’s poverty alleviation plan and most successful practices.

The Country Director of the United Nations Development Program (UNDP) Cambodia, Nick Beresford, praised China for their poverty-reduction methods, which have lifted “hundreds of millions of people out of poverty.” According to the China’s State Council Leading Group Office of Poverty Alleviation and Development, more than 700 million Chinese citizens have transitioned out of poverty. In addition, the rural poor population in China has declined to 43.35 million in December 2016.

The President of the International Fund for Agricultural Development (IFAD), Gilbert Houngbo, also believes that China’s poverty reduction plan presents an excellent model for other countries to implement within own their economies. China’s economy is the second largest and accounts for 14.8 percent of the world economy, right behind the U.S. economy. With 1.38 billion people, China also has the largest population in the world.

“Even as a symbol,” President Houngbo stated, “China’s economic transition offers hope to other developing countries that want to do the same thing.”  The primary component of China’s poverty reduction plan is steady income growth for the bottom 60 percent of households in rural China. This plan has four underlying factors:

  1. Increased industrialization and urbanization throughout the country has transformed an agricultural surplus labor force into urban employment in China.
  2. Equally distributing land between the bottom “quintile households” and the top income households is another goal. The equal distribution of land enables the lower income households to proportionally benefit from the payments the state provides to support agricultural development.
  3. Universal social development programs are making contributions to increase income growth for bottom households. China has successfully implemented several social development programs designed to improve educational, medical and income growth.
  4. Targeted poverty reduction programs will develop the physical infrastructure and increase social development. They will also generate income to assist poor households.

A global market research and consulting firm called Ipsos conducted an international survey titled, “What Worries the World.” The 2017 survey documented answers from 26 different countries. They asked a random sample of 18,557 adults, aged 16 to 64, if they believed China had been making the right decisions for its citizens.

China has the highest percentage (87 percent) of people believing their country is going in a positive direction. In the survey, China was the only country to list “moral decline” as their top issue. A majority of the other 25 remaining nations listed “health care” or “unemployment” as their country’s top issue.

In a distant southern Chinese village, China’s poverty reduction plan is being tested. The Yi ethnic group has a unique language and culture from mainstream China. They reside in a geographically remote location. Many of them are illiterate and have a value system distinct from traditional money and prospects. Years of government intervention have failed to alter the Yi ethnic groups way of life.

In the village of Liangshan, more than 400,000 people are “classified as poor, meaning their yearly income is less than 340 dollars.” The Communist Party of China believes that lifting the Yi ethnic group and others out of economic hardship is critical to achieving the country’s goal of ending poverty by 2020.

While insufficient schools and language barriers present large issues, many locals believe that job creation for minority groups would be more successful than simply giving them money.

– Madison O’Connell

Photo: Flickr

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Progress Made on Reducing Poverty in Cuba

Poverty in CubaThe global financial crisis hurt first world nations as well as developing countries. As one example of this, poverty in Cuba has been affected. The country is doing better than some Latin American countries, but the government is struggling to maintain services such as free healthcare and education.

Cuba opened up its economy as a result of the global financial crisis, but it is worse off as a result. Fifteen percent of the population is living in poverty in Cuba. This most recent data is at least 10 years old, though, and more recent numbers are not available.

Because of the USSR’s collapse, Cuba was left to fend for itself. This has led to a restructuring of how goods and services are distributed. For example, instead of a universal food supply in the form of food stamps for everyone, Cuba is targeting the most vulnerable.

One problem Cuba faces is people living longer, despite the availability of junk food. It is estimated that the population of those over 65 in Cuba will double in the next 20 years. That will swell the number of people seeking healthcare as well as the costs associated as such.

About 40 percent of Cubans fall within the “middle class,” which is broadly defined, according to the Brookings Institute, but the average take-home pay for Cubans is $20 per month, or $0.66 per day, based on a 30-day month.

Despite this, 90 percent of Cubans own their own homes. Most Cubans can buy and sell property, open small businesses, have cell phones and form cooperatives both on and off farms.” President Raul Castro, who encourages the high ownership rate, is trying to “preserve socialism while introducing new market-based mechanisms,” according to Ted Piccone, a senior fellow at the Brooking Institute who specializes in International Order and Strategy and Latin American Initiatives.

Just as towns that concentrate and depend on one industry or business, with the risk of seeing that business close or fail, Cuba replaced dependence on the United States with dependence on the former USSR, only to see it fall. Castro inherited a Cuba that was dependent on sugar production, but with the deep socio-economic and racial scars of slavery. Some believe the revolution interrupted capitalistic growth, while others say it was “a precondition to resolving the contradictions obstructing development by ending Cuba’s subjugation to the needs of U.S. capitalism.”

Adding to the problem was Batista’s taking millions with him as he fled. This left Cuba without much of the money it needed to rebuild.

Despite the country’s economic problems, prices are kept low across the board, with some services still coming free, such as education and healthcare. Those who rent do not pay more than four percent of their income.  Cuba’s infant mortality rate is 4.5 per 1,000 live births, placing it among the rates in first-world countries, even ranking above the United States. The wealth indicators here are not necessarily material goods but instead are reflected in the quality of life. This quality does come at a price, though: Cuba’s infrastructure is in very poor shape.

Despite Cuba’s economic problems, its medical triumphs show how, despite the embargo by the United States, a country can survive if it looks for help elsewhere, and even become a leader. By investing in people and reaching out, poverty in Cuba and other countries like it can be reduced, and developing nations can make their mark on the world and life for its citizens better as time goes on.

– Gloria Diaz

Photo: Pixabay

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Organizations That Are Investing in Women

Investing in Women
Investing in women can cause multiple benefits for the economy, food security and healthcare. There are many organizations that have programs for women’s education and there are some that solely concentrate on getting women access to what they need. Two organizations that are dedicated to women are Womensphere and the Women’s International League for Peace and Freedom (WILPF). By supporting and helping women around the world, these organizations are creating growth in developing countries.

Womensphere was founded in 2007 by Analisa Balares, who is currently the chief executive. Balares started Womensphere with the goal of unleashing women’s potential to lead and transform the world. Womensphere does this by investing in programs that educate or help develop women and girls, mobilizing others to do the same and hosting its own conventions where women can collaborate and share their skills.

Womensphere is investing in women by hosting conventions that allow women to share their accomplishments. One of these conventions is an award ceremony for different organizations that are making a difference for female activism. One award recipient, Nicole Schwab, received the Luminary Award for her Gender Equality Project. This project is working to close the global gender gap by developing a global standard assessment for companies that is non-gender based. This allows women to be included more and have opportunities at higher positions. So far the project tested its idea on seven companies and five countries and hope to use this assessment framework for companies globally. Womensphere also funds and develops different leadership projects that advance women as public, societal, or entrepreneurial leaders.

WILPF was established in 1915 that is dedicated to bringing women around the world together to end violence for peaceful political, societal, and economic climates for all. WILPF four main programs as of this year are disarmament, human rights, women, peace and security and lastly crisis program. All of these programs unite women around the world to solve common problems that are happening in multiple areas. To achieve this WILPF creates awareness on issues like women’s rights as well as financing initiatives that advocate against violence.

The Disarmament Program started in 1915 when the organization was established. In 1999, the Crisis Program was developed to coincide with it. These projects are decreasing violence that directly affects women and children. The programs do this through monitoring, advocacy and reporting military spending. These programs also work to control and decrease various weapon systems to disallow any unnecessary violence.

Both of these organizations see the importance of empowering women and are dedicated to bringing women together. According to the Global Citizen, there are plenty of reasons why supporting women has a positive impact on society. One of these reasons is that women can change the global economy. Studies show that 90% of what women earn goes back to their families. The more women work, the more they spend on their children’s needs, food and healthcare. Education and awareness of childbirth and sex can cause lower maternal deaths of young children and decrease the number of teen pregnancies.

There are many benefits to investing in women and Womensphere and WILPF are just two organizations that are helping empower women and giving women more opportunities.

– Deanna Wetmore