Background: Gender inequality is a contentious matter that cuts across economic and social aspects that are still prevalent globally. It is often framed as a problem of women, but in reality, it is more than that. Gender gaps that include lack of under-representation of women in the workforce and especially in senior positions are significant issues that pose substantial economic costs to countries. Gender inequality often manifested as discrimination in their advancement in careers, and higher time spent on household and care duties compared to men. Methods: The economic loss that results from gender gaps were reviewed. Against the same backdrop, countries with progressive and more inclusive policies were analysed in order to draw lessons that could be potentially useful for countries that are heading the direction of narrowing if not close the gender gaps. Results: Despite there are more initiatives to address this alarming issue over the years, progress towards gender equality is still far from satisfactory and gaps remain even in the dawn of 2020. Much remains to be done. To that end, some potential solutions and policies that have proven to be cost- and time effective in pursuit of gender equality are discussed in this paper. Conclusion: We conclude that there is no blanket solution for addressing gender inequality. Achieving gender equality will most likely to remain an uphill battle, but not one that is impossible to be overcome.
| Published in | Economics (Volume 9, Issue 1) |
| DOI | 10.11648/j.eco.20200901.13 |
| Page(s) | 17-20 |
| Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
| Copyright |
Copyright © The Author(s), 2020. Published by Science Publishing Group |
Gender, Inequality, Economic, Costs
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APA Style
June Choon Wai Yee, Kenneth Lee Kwing-Chin. (2020). The Economic Cost of Gender Inequality: The Global Progress and Creating Change. Economics, 9(1), 17-20. https://doi.org/10.11648/j.eco.20200901.13
ACS Style
June Choon Wai Yee; Kenneth Lee Kwing-Chin. The Economic Cost of Gender Inequality: The Global Progress and Creating Change. Economics. 2020, 9(1), 17-20. doi: 10.11648/j.eco.20200901.13
AMA Style
June Choon Wai Yee, Kenneth Lee Kwing-Chin. The Economic Cost of Gender Inequality: The Global Progress and Creating Change. Economics. 2020;9(1):17-20. doi: 10.11648/j.eco.20200901.13
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Download@article{10.11648/j.eco.20200901.13,
author = {June Choon Wai Yee and Kenneth Lee Kwing-Chin},
title = {The Economic Cost of Gender Inequality: The Global Progress and Creating Change},
journal = {Economics},
volume = {9},
number = {1},
pages = {17-20},
doi = {10.11648/j.eco.20200901.13},
url = {https://doi.org/10.11648/j.eco.20200901.13},
eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.eco.20200901.13},
abstract = {Background: Gender inequality is a contentious matter that cuts across economic and social aspects that are still prevalent globally. It is often framed as a problem of women, but in reality, it is more than that. Gender gaps that include lack of under-representation of women in the workforce and especially in senior positions are significant issues that pose substantial economic costs to countries. Gender inequality often manifested as discrimination in their advancement in careers, and higher time spent on household and care duties compared to men. Methods: The economic loss that results from gender gaps were reviewed. Against the same backdrop, countries with progressive and more inclusive policies were analysed in order to draw lessons that could be potentially useful for countries that are heading the direction of narrowing if not close the gender gaps. Results: Despite there are more initiatives to address this alarming issue over the years, progress towards gender equality is still far from satisfactory and gaps remain even in the dawn of 2020. Much remains to be done. To that end, some potential solutions and policies that have proven to be cost- and time effective in pursuit of gender equality are discussed in this paper. Conclusion: We conclude that there is no blanket solution for addressing gender inequality. Achieving gender equality will most likely to remain an uphill battle, but not one that is impossible to be overcome.},
year = {2020}
}
TY - JOUR T1 - The Economic Cost of Gender Inequality: The Global Progress and Creating Change AU - June Choon Wai Yee AU - Kenneth Lee Kwing-Chin Y1 - 2020/03/06 PY - 2020 N1 - https://doi.org/10.11648/j.eco.20200901.13 DO - 10.11648/j.eco.20200901.13 T2 - Economics JF - Economics JO - Economics SP - 17 EP - 20 PB - Science Publishing Group SN - 2376-6603 UR - https://doi.org/10.11648/j.eco.20200901.13 AB - Background: Gender inequality is a contentious matter that cuts across economic and social aspects that are still prevalent globally. It is often framed as a problem of women, but in reality, it is more than that. Gender gaps that include lack of under-representation of women in the workforce and especially in senior positions are significant issues that pose substantial economic costs to countries. Gender inequality often manifested as discrimination in their advancement in careers, and higher time spent on household and care duties compared to men. Methods: The economic loss that results from gender gaps were reviewed. Against the same backdrop, countries with progressive and more inclusive policies were analysed in order to draw lessons that could be potentially useful for countries that are heading the direction of narrowing if not close the gender gaps. Results: Despite there are more initiatives to address this alarming issue over the years, progress towards gender equality is still far from satisfactory and gaps remain even in the dawn of 2020. Much remains to be done. To that end, some potential solutions and policies that have proven to be cost- and time effective in pursuit of gender equality are discussed in this paper. Conclusion: We conclude that there is no blanket solution for addressing gender inequality. Achieving gender equality will most likely to remain an uphill battle, but not one that is impossible to be overcome. VL - 9 IS - 1 ER -
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