Investing in Women – Ending Gender Inequality
Gender inequality can take many forms. It is a sociological and cultural phenomenon, and the effects can be seen in every aspect of our lives. Investing in women is essential for empowering women and building inclusive societies. We need to make sure that women and girls are able to have an equal voice, and that their voices are heard. This is particularly important as we work towards a world free of poverty.
Women are not often recognized for the work they do. This includes their work in the home, as primary caretakers, in the labour market, and in the community. The lack of recognition for these tasks is a big part of why men and women are not paid equally. In addition, women have fewer opportunities when it comes to accessing critical resources. Some examples of these resources include fertiliser and seeds, which help to ensure food security.
While many people focus on the education of girls and women, there is a more comprehensive way of addressing gender inequality. By ensuring that women and girls have equal rights, opportunities, and participation in society, we can break the cycle of poverty and build more inclusive societies. Investing in the social and economic lives of women is one of the most important ways of achieving this goal.
As with other issues, we can make progress in this area by putting the necessary legal measures into place and focusing on structural changes that can improve the situation. In fact, the WBG’s #AccelerateEquality initiative is designed to help us understand how we can accelerate the progress made in closing gender gaps.
We can also build on the gains women have already made by consolidating their efforts. Investing in women’s education and entrepreneurship is a great first step. People can also participate in local campaign groups, which can educate women and build support for women’s rights.
Another way of boosting the economy is to offer women equal pay. Studies show that women who are equal in the workplace earn more. If women are paid what they deserve, the basic needs of women and their families will be more adequately met. Additionally, when they receive equal pay, they tend to reinvest their earnings in their homes, families, and communities.
In a nutshell, there is no better way to end extreme poverty than by implementing equality for men and women. When we do so, we also eliminate many of the structural barriers that create a cycle of poverty. Not only will we create more inclusive societies, but we will also enable women to make better reproductive decisions.
For example, we can measure gender inequality through the Global Gender Inequality Index (GII). The GII is a composite measure of three dimensions of gender-based disadvantage: employment, health and education. GII values range from zero to one. Although there are some differences between countries, the GII should be used as a baseline to understand where the gaps lie. These gaps should be closed by both the government and by the individuals.