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Women can make the world better
Context:
The global, male dominated money-driven, system of institutions of business and society needs an overhaul.
Challenging Male-Centric Economic Perspectives
- Imbalance in Economic Narratives: Notably, Nobel Memorial Prize in Economic Sciences heavily skewed towards male recipients, highlighting a gender disparity.
- Claudia Goldin's Nobel Recognition: Claudia Goldin's 2023 Nobel Prize sheds light on the persistent wage gap between men and women in similar roles.
- India's Unique Economic Challenge:India grapples with a changing employment landscape, with a significant youth population facing a shift towards gig economy and short-term contracts.
Need to focus on
- Giving more work opportunities: Emphasizes the need for dignified work opportunities and investing in undervalued care-giving services, crucial for human development.
- Looking for Solutions: Calls for localized, bottom-up solutions tailored to diverse regional contexts, as opposed to top-down, one-size-fits-all policies.
- Women’s freedom with dignity: Advocates for women's freedom to shape family-oriented institutions and empowering local communities in crafting inclusive solutions.
Reimagining Economic Paradigms
- GDP-Centric Approaches: India's ambition for a $10 trillion GDP urges a reevaluation of women's roles, potentially pulling them from informal sectors into industrial establishments.
- Sustainable Development Goals (SDGs) Imperative: G-20's assessment reveals a concerning lack of progress toward achieving the 17 SDGs, demanding a shift in approach.
- Empowering Women and Local Communities:Urges a paradigm shift towards a more inclusive and sustainable economic model, challenging the dominance of male-driven, competitive paradigms
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