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The Global Financial Crisis and Caribbean Women: A Gender Analysis of Regional Policy Responses.

  • Academic Journal
  • Social & Economic Studies; Sep-Dec2011, Vol. 60 Issue 3/4, p67-99, 33p
  • The global financial crisis affecting the economies of the world since summer of 2008 has had serious social effects. There has been much concern with the impact of the crisis on the poor and gains made towards improving social development (including progress towards the Millennium Development Goals in the economic South). Any analysis of the true impact of the financial crisis, we argue, needs to include a gendered impact assessment of the social and economic effects in order for responses to be adequately designed and effectively target populations. This assessment was facilitated by the use of secondary data from different Caribbean countries including employment data, policy responses from a national, regional and global level, and informal interviews. Women and men are both affected by the crisis but in different ways. Caribbean women are affected due to the specific characteristics of the sexual division of labour in the region; for example, their large representation in service sectors, higher unemployment rates and dependence on remittances, areas largely affected by the crisis. However, a comprehensive gender assessment remains hindered by the lack of gender disaggregated data throughout the region. We conclude therefore with a critique of the responses to date, a call for empirical data and with recommendations for a more gender-sensitive response to the global financial crisis. [ABSTRACT FROM AUTHOR]
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