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Mayra Buvinic, an internationally recognized expert on gender and development and social development, is a Senior Fellow both at the Center for Global Development and the United Nations Foundation. Previously, she was Director for Gender and Development at the World Bank. She also worked at the Inter-American Development Bank (IDB) where she headed the Social Development Division and was founding member and President of the International Center for Research on Women. She has a PhD in Social Psychology from the University of Wisconsin-Madison.
CGD founding president Nancy Birdsall has seen a few US presidents come and go in her long career as a leading development economist, but her message to all occupants of the White House has remained fairly steady: Enact smart policies that help developing countries build stable, prosperous economies of their own—and that will help people at home too. This week she joins the CGD Podcast to talk about some of those ideas, and why development should be a priority for the next US president.
The US has a unique opportunity to lead in improving economic opportunities for women and girls by establishing a global vision and a corresponding fund with significant financial resources to spur change. The next US administration should allocate at least $1 billion in additional resources—equal to a little over two percent of current US overseas assistance—exclusively dedicated to advancing gender equality in developing countries, with a specific focus on improving women’s and girls’ economic opportunities and outcomes.
The Birdsall House Conference Series on Women seeks to identify and bring attention to leading research and scholarly findings on women’s empowerment in the fields of development economics, behavioral economics, and political economy.
The Obama administration has taken some important steps to put women’s economic empowerment at the center of US foreign and development policy, but there’s still plenty of work left to do. Researchers and advocates alike have made the case for why gender equality—and specifically women’s economic empowerment—is critical for achieving economic growth, eradicating extreme poverty, and improving the health, education, and well-being of people worldwide. This blog post turns to concrete ways that the next US administration can promote women’s economic empowerment, thereby maximizing the impact of its development agenda.
Women’s economic empowerment is increasingly recognized as critical to achieving development outcomes around the world. Informed by a roundtable discussion at the Center for Global Development (CGD) and additional suggestions from CGD researchers, this four-point memo aims to issue practical proposals for the next US administration, particularly aimed at economically empowering women and girls worldwide, as a building block toward the full realization of broader gender equality and women’s agency and empowerment. The recommendations build on those in CGD’s The White House and the World briefing book, as well as the CGD policy memo “A US Law or Executive Order to Combat Gender Apartheid in Discriminatory Countries” and ongoing work at CGD focused on women’s financial inclusion.
The evidence is clear: integrating a focus on gender into the development agenda is essential if we’re serious about eradicating poverty, improving health and education, and promoting inclusive economic growth. Multilateral development banks (MDBs) have taken this lesson to heart, but there’s still work to be done.
In 1995, India’s Self-Employed Women’s Association (SEWA) organized women waste pickers in Ahmedabad into a cooperative to improve their working conditions and livelihoods. Over time, this informal arrangement evolved into Gitanjali—a women-owned and -run social enterprise. With support from key partners, Gitanjali has generated social value, providing its members with safe and dignified work while increasing their earnings. While Gitanjali faces challenges in becoming a fully self-sufficient social enterprise, its experience offers insights for other initiatives seeking to provide opportunities for women to transition from informal to formal work.
Savings can help businesses expand, by enabling them to finance lumpy investments and absorb unexpected shocks. However, several barriers stand in the way of women firm owners in developing countries who want to increase their savings.