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The increased participation of women in trade should be a development priority

Author

Listed:
  • Simplice A. Asongu
  • Amarachi O. Ogbonna

    (Trade and Development Bank)

Abstract

The interlinkages between the 2030 global goals present an opportunity for policymakers to utilize one potent policy or program to address multiple challenges within any geographic context. Various studies establish that financial inclusion (FI) is one among the many potent policies that policymakers can wield to achieve most of the sustainable development goals – SDGs (Asongu & Odhiambo, 2018; Asongu & Nting, 2022; UNCDF, 2022). FI chiefly provides inclusive channels for eradicating extreme poverty (SDG 1), addressing food insecurity and hunger issues (SDG 2), improving health and wellbeing (SDG 3), attaining women’s empowerment and gender parity (SDG 5), promoting economic prosperity (SDG 8), fostering infrastructural development, invention, and trade (SDG 9), mitigating income inequality (SDG 10), and driving sustainability by implementing development channels in key areas like investment and consumption (SDG 17) (Asongu & Le Roux, 2019; Tchamyou et al., 2019a,b; Abdulqadir & Asongu, 2022; Achuo et al., 2022; UNCDF, 2022). So, FI is instrumental in solving most of the global deprivations highlighted in the sustainable development agenda.

Suggested Citation

  • Simplice A. Asongu & Amarachi O. Ogbonna, 2024. "The increased participation of women in trade should be a development priority," Development Finance Agenda, Chartered Institute of Development Finance, vol. 9(1), pages 16-17.
    • Handle: RePEc:afj:journ4:v:9:y:2024:i:1:p:16-17
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    File URL: https://journals.co.za/doi/abs/10.10520/ejc-defa_v9_n1_a6
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