Abstract
The debt crisis and structural adjustment policies have created severe hardship in many countries and may be especially harmful for women. This paper discusses the possible deleterious effects of these macroeconomic conditions on women's quality of life in general and their status in terms of education, employment and health. Then it provides a quantitative cross-national analysis to assess the impact of the debt crisis and structural adjustment on women's status. It finds evidence that structural adjustment policies have a negative effect on female educational enrollments. Education is found to be an important determinant of women's economic activity and health status. Based on these findings, the article maintains that the macroeconomic crisis does not augur well for continued social development and the improved status of women in indebted countries.
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