A staggering 2 billion impoverished people worldwide, particularly women, face financial and economic exclusion. Females are the most impoverished in the world and women earn on average only 60-75% of what men earn. Investing in women’s economic empowerment plays a crucial role in reducing poverty and establishing equality between men and women.
Gender Equality for Global Economic Advancement
The 2017 National Security Strategy states that societies that empower women in their civic and economic lives are more prosperous and peaceful. Studies show that gender equality contributes to advancing economies and sustainable development as well as overall poverty reduction.
CARE defines women’s economic empowerment as the process by which women increase their rights to economic resources and power to make decisions that benefit themselves, their families and their communities. It is the transformative process that helps females move from limited economic power to possessing skills, resources and opportunities to compete equitably in markets and control economic gains. Women’s economic empowerment involves transforming the historically-limiting laws, policies, practices and norms through change and advocacy.
Discrimination and exploitation disproportionately affect women. Women often end up in low-wage jobs and fill very few senior positions. Without secure employment, women lose access to economic assets, such as land and loans, which limits opportunities to participate in economic and social policies. Furthermore, many women are responsible for the majority of housework, which leaves little time to pursue employment or other economic opportunities. On average, women devote between one and three hours more a day to housework than men and two to 10 times the amount of time a day to child, elderly and sick care.
Additionally, laws in many countries determine what jobs women can do or give men the right to prevent their wives from accepting jobs.
Call to Action on Women’s Economic Empowerment
In October 2020, U.S. officials and 31 U.N. Member States virtually signed the Call to Action on Women’s Economic Empowerment, which encourages countries to address legal restrictions regarding women’s economic participation. Predictions are that if an equal number of men and women participate in the global economy, the gross domestic product (GDP) could increase by $12 trillion by 2025.
Improved financial security means women can afford health care, purchase essentials for their children and play a leadership role in their communities. Typically, women who decide where, when and how to spend their money see improvements in their social and economic status. Financially independent women also increase the level of resources devoted to their children.
Girl Power and the Future
There is strong evidence showing positive links between women’s economic empowerment and health outcomes for women and their families. This includes benefits in nutrition, better family planning and decreased maternal and child mortality. Other studies have found that increasing the share of income for women may provide greater investment in children’s education and result in reductions in gender-based violence. Overall, women’s economic empowerment benefits not just women but the entire world.
– Rachel Durling
Photo: Flickr
Kuli Kuli is a company that sells products made from the moringa tree, a superfood that is high in vitamins, antioxidants, plant proteins and anti-inflammatory properties, with twice the nutrient value of kale. The company’s products consist of energy bars, tea shots and a variety of powders and smoothie mixes.
Since 2018, Albanian law has changed in ways that are finally giving women and girls more protection against violence. To respond to the current COVID-19 pandemic, various NGOs and the Albanian government have adapted once again to help survivors and victims. Here is how new policies in Albania are protecting women and girls.
A small country located within Central America, south of Mexico, Guatemala has one of the
Globally, it is estimated that at least 150 million people, or
Period poverty in Guatemala weighs heavily on the country’s women and girls. The lack of access to hygiene management education and proper sanitation tools forces young girls out of school for days at a time. As young girls grow up in Guatemala, they are met with a challenge. Specifically, their menstruation cycle. Not only is this a milestone in their personal lives but also a limitation. The lack of access to necessary feminine products forces girls to stay home for days. However, as technology evolves and resources are found, many organizations are working to end period poverty in Guatemala and beyond.
With the
The agricultural sector is a critical facet of Sub-Saharan Africa’s (SSA) economy. As of 2015, women make up around 40% of the SSA’s agricultural labor force. Although their contribution is critical, due to discriminatory laws and social norms, a large gender gap within this sector continues to persist. However, many have come to realize the potential that lies behind empowering and educating female agriculture workers in Africa. By decreasing the gender gap and expanding females’ access to land and resources, these women have the potential to
Every day the world becomes more dependent on computers. In the modern era, impoverished communities often lack access to technology. Therefore, technology is inaccessible in many developing countries. However, Nigeria finds itself in a unique position; the country’s ICT (information and communication technologies) sector has grown significantly since the early 2000s. In fact, Nigeria hosts “Africa’s biggest technology market and accounts for 23% of internet users in Africa with 122 million people online in December 2018.” Unfortunately, there is gender inequality in Nigeria’s tech industry as is the case in many other countries around the globe.