What are the positive effects of women’s economic empowerment?

When gathering support to promote women’s economic empowerment, it is useful to prove its positive economic as well as societal impact. There are several studies and researches that acknowledge the contribution of women’s economic empowerment to overall economic and social well-being. 

Their findings show that women’s economic empowerment:

• supports equality between men and women in terms of participation in the economy;
• helps to reduce the gender pay gap and the gap in employment between men and women;
• supports adequate workplace conditions;
• allows the social and economic potential of women to be fulfilled;
• indirectly, it influences the quality of life of the woman’s entire family, communities as well as the society;
• sets a path for poverty reduction;
• gives access to capital and financial services; boosts new businesses and supports local economies, boosts economic productivity and increases economic diversification.