Amidst growing awareness that empowering women yields high returns on investment, corporations have launched dozens of programs and invested over $300 million to support women’s economic empowerment over the past decade.
A review of these initiatives conducted by the International Center for Research on Women (ICRW) and Dalberg Global Development Advisors in 2014, revealed that corporate programs primarily seek to expand women’s employment opportunities, training, and access to finance. However, such programs overlook underlying social and structural barriers to women’s economic advancement such as control over reproductive health and family formation; the burden of childcare and other unpaid care work; restricted mobility; the threat of violence and lack of collective voice in society. As a result, there is a real risk that just as the private sector is increasing its investments in women’s empowerment, companies will fail to adopt the strategies necessary for that empowerment to take hold.
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