The rise of extreme economic inequality is a serious blow to the fight against gender inequality and a threat to women’s rights.
Women’s economic empowerment has the potential to transform many women’s lives for the better and support economic growth. However, unless the causes of extreme economic inequality are urgently addressed, the majority of the benefits of women-driven growth will accrue to those already at the top of the economy.
The same forces that drive this economic inequality – political capture and market fundamentalism – are also driving greater gender inequality. By addressing these, through accountable and democratic institutions, decent work, progressive taxation and universal public services, we can win the twin struggles against gender and economic inequalities and make the world a fairer, better place.