Econ Report: Gender Equality
Econ Report: Gender Equality
Isabella Repole
7954888
Tutorial class: Monday 10:30 am
Word Count: 1180
CONTEXT ……………………………………...….. 2
CONCLUSION ……………………………………… 5
Introduction
The World Bank outlines a list of 17 sustainable development goals that aim to achieve a world free of poverty
on a planet that is both liveable and equitable. Sustainable Development Goal (SDG) 5 highlights the
importance of gender equality and outlines the challenges associated with eradicating gender-based
discrimination and violence. Gender equality is defined as "the equal valuing by society of the similarities and
the differences of men and women" (UNICEF, 2017), and through the introduction of national/global policy,
there have been great strides in the promotion of women's wellbeing. However, a great deal remains to be done
to achieve the total eradication of gender-based discrimination.
Context
SDG 5 outlines a list of main objectives in achieving gender equality including, an end to discrimination
against women globally, the elimination of all forms of gender-based violence, equity in financial opportunities,
and proper legal frameworks protecting the rights of women. A plethora of programs have been developed to
address these issues currently with the goal of creating real change by 2030-2060. Campaigns such as the
HeForShe campaign run by UN Women aim to encourage the participation of women in leadership positions
both politically and in the workplace by 2030, and initiatives such as the UNFPA/UNICEF campaign to end
domestic violence and the Spotlight initiative aim to eradicate all forms of gender-based violence by 2030.
To address the increasing wage gap in Iceland, the government proposed the “Equal Pay for Equal Work”
certification program, which requires companies with more than 25 employees to undergo regular audits of their
pay practices to ensure wage parity. The companies that achieved the certification were publicly listed, which
incentivised other companies to follow suit. Domestically, the government has been working to incentivise
husbands to take on some of the work leave responsibility that comes with a newborn baby. Through the Paid
Parental Leave scheme, the parents of any babies born or adopted after July 1st 2025, will receive a 12 per cent
addition to their regular superannuation contribution, and until 2026 2, weeks of paid leave will be added each
year for both parents of a newborn child encouraging husbands to take on a more significant per cent of the
parenting responsibilities.
Conclusion
Women face many hurdles in the achievement of gender equality globally, from domestic violence to
disproportionate domestic responsibilities and barriers to entry within the workforce. Through the application of
economic policy, legislative changes, training programs, and private enterprise campaigns, many steps have
been taken towards the elimination of gender-based discrimination globally.
6
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7
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