women's economic empowerment
WIM-inz ee-kuh-NOM-ik em-POW-er-ment
ˈwɪmɪnz ˌiːkəˈnɒmɪk ɪmˈpaʊərməntListen
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Dictionary meaning
the process of increasing women's access to economic resources and opportunities including employment, income, assets, credit, and markets, alongside the social and institutional changes needed to enable women to use those resources freely and on equal terms with men; women's economic empowerment encompasses education and skills development, access to financial services including savings, insurance, and credit, property and inheritance rights, freedom from gender-based violence that constrains economic participation, and policies that address the unequal burden of unpaid care work; evidence from development economics shows that women's economic empowerment has multiplier effects on family nutrition, children's education, and community wellbeing, making it one of the highest-return investments in sustainable development
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