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[6] The principle holds particularly for women, who can expect a 1.2% higher return than men on the resources they invest in education. [5] Providing one extra year of education to girls increases their wages by 10-20%. [8] This increase is 5% more than the corresponding returns on providing a boy with an extra year of schooling. [8]
Women's empowerment (or female empowerment) may be defined in several method, including accepting women's viewpoints, making an effort to seek them and raising the status of women through education, awareness, literacy, equal status in society, better livelihood and training.
Gender and development is an interdisciplinary field of research and applied study that implements a feminist approach to understanding and addressing the disparate impact that economic development and globalization have on people based upon their location, gender, class background, and other socio-political identities.
To overcome gender inequality the United Nations Population Fund states that women's empowerment and gender equality requires strategic interventions at all levels of programming and policy-making. These levels include reproductive health, economic empowerment, educational empowerment and political empowerment. [29]
In the 1850s the women's movement started in Russia, which were firstly focused on charity for working-class women and greater access to education for upper- and middle-class women, and they were successful since male intellectuals agreed that there was a need for secondary education for women, and that the existing girls' schools were shallow.
Gender empowerment conventionally refers to the empowerment of women, which is a significant topic of discussion in regards to development and economics nowadays. It also points to approaches regarding other marginalized genders in a particular political or social context.
The mission of NMEW is to "enhance economic empowerment of girls and women through skill development, micro credit, vocational training and entrepreneurship." [63] In 2001, the Government of India passed the National Policy for the Empowerment of Women. The policy focuses on "the advancement, development, and empowerment of women."
Women are irrational, unfit economic agents, and cannot be trusted to make the right economic decisions. Feminist economists also examine early economic thinkers' interaction or lack of interaction with gender and women's issues, showing examples of women's historical engagement with economic thought.