The Economic Cost of Gender Inequality: The Global Progress and Creating Change
Economics
Volume 9, Issue 1, March 2020, Pages: 17-20
Received: Jan. 29, 2020; Accepted: Feb. 28, 2020; Published: Mar. 6, 2020
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Authors
June Choon Wai Yee, School of Pharmacy, Monash University Malaysia, Selangor, Malaysia
Kenneth Lee Kwing-Chin, School of Pharmacy, Monash University Malaysia, Selangor, Malaysia
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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.
Keywords
Gender, Inequality, Economic, Costs
To cite this article
June Choon Wai Yee, Kenneth Lee Kwing-Chin, The Economic Cost of Gender Inequality: The Global Progress and Creating Change, Economics. Vol. 9, No. 1, 2020, pp. 17-20. doi: 10.11648/j.eco.20200901.13
Copyright
Copyright © 2020 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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