Analysis of Gender Disparity in Economic Growth of Third World Economy

Abstract

This article focuses on the gender gap in economic growth across the third world. It has been noted in the past that women’s labour is never viewed as being on par with men’s labour. Promoting a stronger role for women helps the economy, improves child survival and family health, and decreases reproduction, reducing population growth rates, according to global experience. In other words, egalitarianism is vital for long-term prosperity. In every country, women make up half of the population. We need to consider how women contribute to a nation’s economic development. According to the United Nations (1993), they only receive a modest percentage of chances and advantages. Women’s empowerment will directly impact economic diversification, increased productivity, and income equality, all of which will lead to other beneficial development outcomes. In this paper, emphasis has been put up on the comparative understanding of developed and developing nations. Additionally, a broad comparison is made for both nations. Some instances are also mentioned where women have contributed significantly to global economic progress.