7.4 Women and Economic Development

Global Gender Gap Index: uses economic participation and opportunity, educational attainment, health and survival, and political empowerment.

effects of employment for women: healthcare, education, and specialize ways to work to improve their status in society

As countries develop more women are participating in the workforce and are allowed to gain access to education and employment opportunities

More developed countries have less gender gap

Women make up a lot of the workers in the informal economy, this causes them to not have health insurance paid sick leave, guaranteed minimum wage, or other societal protections

Barriers or obstacles for women: Discrimination, lack of access to education and training, unpaid care, work, limited access to credit and financial resources and stereotypes, ability to have a bank account, and social expectations

Micro loans: small loans provided to individuals are small businesses. These loans can provide women with the financial resources they need to expand or start their business

Micro financing: A category of financial services that are for individuals and small businesses who lack access to traditional baking services

Bank account: allows women to store money in a safe and secure place, allows them to access credit, participate in other financial institutions, and expand their business and lifestyle options