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The Current Economic and Financial Crisis: A Gender Perspective

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  • Rania Antonopoulos

Abstract

Widespread economic recessions and protracted financial crises have been documented as setting back gender equality and other development goals in the past. In the midst of the current global crisis--often referred to as "the Great Recession"--there is grave concern that progress made in poverty reduction and women's equality will be reversed. Indeed, for many developing countries it is particularly worrisome that, through no fault of their own, the global economic downturn has exacerbated effects from other crises manifest in food insecurity, poverty, and increasing inequality. This paper explores both well-known and less discussed paths of transmission through which crises affect women's world of work and overall wellbeing. As demand for textile and agricultural exports decline, along with tourism, job losses are expected to rise in these female-intensive industries. In addition, the gendered nature of the world of work suggests that women will see an increase in their share among informal and vulnerable workers worldwide, and will also supply more of their labor under unpaid conditions. The latter is particularly important in the context of developing countries, where many production activities take place outside the strict boundaries of the market. The paper also makes this point: examined through the prism of gender equality, the ability of the state to implement countercyclical policies matters greatly. If policy responses at the national and international levels end up aggravating inequities, gender equality processes face many more barriers, especially among the poor.

Suggested Citation

  • Rania Antonopoulos, 2009. "The Current Economic and Financial Crisis: A Gender Perspective," Economics Working Paper Archive wp_562, Levy Economics Institute.
  • Handle: RePEc:lev:wrkpap:wp_562
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    Cited by:

    1. van Staveren, I.P., 2010. "Gender trends in developing countries during financial crises," ISS Working Papers - General Series 21870, International Institute of Social Studies of Erasmus University Rotterdam (ISS), The Hague.
    2. -, 2009. "The impact of the financial crisis on women in the Caribbean," Sede Subregional de la CEPAL para el Caribe (Estudios e Investigaciones) 38669, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    3. Daniela Campus & Gianna Giannelli, 2016. "Is the Allocation of Time Gender Sensitive to Food Price Changes? An Investigation of Hours of Work in Uganda," Working Papers - Economics wp2016_16.rdf, Universita' degli Studi di Firenze, Dipartimento di Scienze per l'Economia e l'Impresa.
    4. Tamar Khitarishvili, 2013. "The Economic Crisis of 2008 and the Added Worker Effect in Transition Countries," Economics Working Paper Archive wp_765, Levy Economics Institute.
    5. repec:spr:jqecon:v:16:y:2018:i:1:d:10.1007_s40953-016-0070-3 is not listed on IDEAS
    6. Lina Gálvez-Muñoz & Paula Rodríguez-Modroño & Tindara Addabbo, 2013. "The impact of European Union austerity policy on women's work in Southern Europe," Center for the Analysis of Public Policies (CAPP) 0108, Universita di Modena e Reggio Emilia, Dipartimento di Economia "Marco Biagi".
    7. Alma Espino, 2013. "Gender Dimensions of the Global Economic and Financial Crisis in Central America and the Dominican Republic," Feminist Economics, Taylor & Francis Journals, vol. 19(3), pages 267-288, July.
    8. Forbes, Kinisha., 2011. "Inequality in crisis and recovery : revealing the divides: the case of Brazil," ILO Working Papers 994698493402676, International Labour Organization.
    9. Tindara Addabbo & Paula Rodríguez-Modroño & Lina Gálvez-Muñoz, 2013. "Gender and the Great Recession: Changes in labour supply in Spain," Department of Economics (DEMB) 0010, University of Modena and Reggio Emilia, Department of Economics "Marco Biagi".
    10. Becker, Julia-Maria, 2014. "The Impact of the Crisis of 2008 on Women`s and Men`s Income in Mexico," MPRA Paper 57964, University Library of Munich, Germany.
    11. Chiara Piovani & Nursel Aydiner-Avsar, 2015. "The Gender Impact of Social Protection Policies: A Critical Review of the Evidence," Review of Political Economy, Taylor & Francis Journals, vol. 27(3), pages 410-441, July.
    12. Elizabeth Whitaker & Janet Bokemeiner & Scott Loveridge, 2013. "Interactional Associations of Gender on Savings Behavior: Showing Gender’s Continued Influence on Economic Action," Journal of Family and Economic Issues, Springer, vol. 34(1), pages 105-119, March.
    13. repec:ilo:ilowps:469849 is not listed on IDEAS
    14. Seçil A. Kaya Bahçe & Emel Memis, 2013. "Estimating the Impact of the 2008--09 Economic Crisis on Work Time in Turkey," Feminist Economics, Taylor & Francis Journals, vol. 19(3), pages 181-207, July.
    15. Lina Gálvez, 2013. "Una lectura feminista del austericidio," Revista de Economía Crítica, Asociación de Economía Crítica, vol. 15, pages 80-110.
    16. Angela Cipollone & Carlo D'Ippoliti, 2009. "Women's Employment: Beyond Individual Characteristics vs. Contextual Factors Explanations," Working Papers CELEG 0901, Dipartimento di Economia e Finanza, LUISS Guido Carli.

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