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Relationship between Gender equality and Economic Development

When talking about gender equality, most people will think it as a social problem in development. However, gender inequality is not a social issue only, but also an economic issue. 
Let’s see a video!

The video tells us if female are empowered, for examples to help them access education and reduce barriers they may encounter in workplace, would improve their workplace performance and result in rising productivity within countries. Besides, highly-educated female can nurture their children better. High female participation in workplace increase household income and finally influences economic development positively.
 
Nevertheless, many countries overlook gender as one of the indicators to measure economic growth. Gender inequality has been a serious problem in most of the developing countries, even in some of the developed countries. Division of household labour has been the core of gender disparities in societies. Women are treated to take the responsibility of bearing household work while men work outside to contribute in economic activities. Female opportunities to work outside are restrained by traditional practices or customs (that is the stereotype between men and women). These unbalanced distributions of duties actually have great influences on not only gender itself but also on economic development. When women have less opportunity to participate in paid work, their contribution to economic growth within the countries is also small (Borjas, 2009).

 

Maybe we can have a look into how gender inequality and economic activities relate together!

The video shows the relations that countries with higher poverty usually have higher gender inequality. If we want to alleviate poverty problem, we may solve gender inequality in society by providing education and working opportunities for women and stimulate economic growth.
 
We always evaluate the economic growth of a country by Gross Domestic Product (GDP). Most people know that personal income is one of the elements of GDP. If personal income increase, national income will then increase, that resulting the overall GDP increase in a country.

 

But people always neglect female power, especially for those countries with high gender inequality. If female have more opportunities to engage in economic market or to be employed, they will definitely have contribution to their countries’ GDP. Apart from the opportunities of participation in labour force, wage differences with the same job between men and women are always found in high gender inequality countries. If women can be protected from being treated unfair with men and they can enjoy equal pay, it will increase personal income as well as the purchasing power of women that may facilitate domestic consumption and also economic growth. In conclusion, gender equality should be treated as one of the factors that affect economic development. It is not only a social problem, but also is an economic problem. In the following, we will take eight countries as examples to analyze how the relationship is showed in different countries.

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