This Vi multimedia teaching resource is based on the panel discussion “New Perspectives on Gender and Development.” Held May 18, the event was organized by UNCTAD’s Division on Globalization and Development Strategies.
The first panelist, Stephanie Seguino, of the University of Vermont and SOAS, began by reviewing and assessing current literature on the link between gender and macroeconomics. Based on these findings, she argued that microeconomic activities involving women affect macroeconomic practices, which, in turn, affect economic growth and development. The presentation concluded with a discussion of a future agenda for integrating gender into macroeconomic policy.
The second panelist, Jayati Ghosh a professor of economics at Vi core university member, India’s Jawaharlal Nehru University, focused on the growing importance of the care economy in both developed and developing countries. Investing in services to ensure the wellbeing of the population spurs economic growth, as it generates wages for people at the lower end of the spectrum with a high marginal propensity to consume. However, much of the care work taking place, traditionally provided by women, remains “invisible and unpaid.”
The third panelist, Elisabeth Prügl,director of the Gender Centre and professor of International Relations and Political Science at Vi affiliate member, the Graduate Institute in Geneva, reviewed World Bank research focusing on constructing gender equality as a source of economic growth. She emphasized the importance of agency (the ability to make their own decisions) and empowerment (freedom of choice) within culturally embedded norms as key to allow women to participate in the economy.