Monday, December 17, 2018

How Markets Empower Women: Innovation and Market Participation Transform Women's Lives for the Better

Over the last 200 years, economic progress has helped to bring about both dramatically better standards of living and the extension of individual dignity to women in the developed world.

Competitive markets empower women in at least two interrelated ways.

First, market-driven technological and scientific innovations disproportionately benefit women.

Timesaving household devices, for example, help women in particular because they typically perform the majority of housework.

Second, labor market participation offers women economic independence and increased bargaining power in society.

In these ways, markets heighten women's material standard of living and foster cultural change.

Women's empowerment in many developing countries is in its early phases, but the right policies can set women everywhere on a path toward the same prosperity and freedom enjoyed by women in today's advanced countries.


https://www.cato.org/publications/policy-analysis/how-markets-empower-women-innovation-market-participation-transform

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