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Can Women’s Empowerment Revive Economic Development?

Empowerment

Can Women’s Empowerment Revive Economic Development?

Sustainable development, economic growth, and peace and security are all in dire need and according to UN Deputy Secretary-General Asha-Rose Migiro they cannot be achieved without gender equality.  She continued by citing evidence of the beneficial impact of women’s empowerment.

She supported her stance at the International Forum on the Role of Leadership in Promoting Gender Equality in Kigali, Rwanda, by stating that “Numerous studies have found that companies with a more balanced representation of women and men in their top management teams considerably outperform those where such representation is low.”

Migiro continued to cite numerous advances in the past decade as States have devoted greater focus to overcoming occupational segregation; introduced measures to support women’s equal access to economic resources, including credit and land rights, increased access to education for girls at all levels, and established comprehensive legal, policy, and institutional frameworks to end violence against women and girls.

“The costs of inequality — for women and girls, for their communities, for economies at large — are too high,” she added, citing estimates by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) that the region loses up to 47 billion U.S. dollars in output each year due to lack of female participation in labor markets.

She is not alone as many people also believe that women are the key to several advances and improvements worldwide.  What do you think?

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