G3: Gender Gaps in Labor Force Participation & Financial Inclusion Flashcards

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1
Q

OVERVIEW OF THE PROBLEM:
The percentage of the population ages 15 and older that is economically active, i.e., employed or actively job-seeking

A

Labor force participation

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2
Q

OVERVIEW OF THE PROBLEM:
Pertains to effective access to a wide range of financial products and services for all

A

Financial inclusion

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3
Q

OVERVIEW OF THE PROBLEM: (TRUE OR FALSE)
Within the Philippine context, the gender gap in labor force participation is considered to be one of the smallest in Southeast Asia.

A

FALSE

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4
Q

OVERVIEW OF THE PROBLEM:
Generally more financially included and have more access to financial services despite the gender gaps in specific areas of financial inclusion

A

Filipino women

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5
Q

OVERVIEW OF THE PROBLEM:
Factors to gender gaps in LFP and financial inclusion

A
  • patriarchy
  • marriage and childbearing
  • religion
  • employer discriminatory practices
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6
Q

GLOBAL/REGIONAL DATA (LFP):
The global labor force participation rate for women is just over __% compared to __% for men.

A
  • 50%
  • 80%
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7
Q

GLOBAL/REGIONAL DATA (LFP):
The International Labour Organization (ILO) estimates reveal a _______ job gap for women (around __%) compared to men (around __%).

A
  • higher job gap for women (around 15%)
  • 10.5%
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8
Q

GLOBAL/REGIONAL DATA (LFP):
Across all religions, male participation is roughly the same (around __%) and notably higher than that of women.

A

80%

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9
Q

GLOBAL/REGIONAL DATA (FI):
According to the World Bank’s Global Findex Database, it went from __% in 2011 to __% in 2021.

A

9% to 6%

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10
Q

GLOBAL/REGIONAL DATA (FI):
Women in developing countries are __% less likely than men to have a formal financial account.

A

7%

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11
Q

GLOBAL/REGIONAL DATA (FI):
Has a gap of 12% (54% for men and 42% for women)

A

Middle East and North Africa

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12
Q

GLOBAL/REGIONAL DATA (FI):
Has a gap of 12% (61% for men and 49% for women)

A

North Africa

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13
Q

GLOBAL/REGIONAL DATA (FI):
Has a gap of 4% (70% for men and 66% for women)

A

South Asia

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14
Q

NATIONAL/LOCAL DATA (LFP):
Female labor force participation in 2022 was __%.

A

51.7%

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15
Q

NATIONAL/LOCAL DATA (LFP):
Female labor force participation is expected to rise to __ to __ percent by 2028.

A

52 to 54

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16
Q

NATIONAL/LOCAL DATA (LFP):
Common reasons why women have less participation in the labor force:

A

1) care responsibilities
2) gender stereotypes

17
Q

NATIONAL/LOCAL DATA (FI): (TRUE OR FALSE)
There is no gender gap against women in account ownership except in bank accounts because microfinance institutions target female clients.

A

TRUE

18
Q

NATIONAL/LOCAL DATA (FI):
Women represent __% of the owned Micro, Small and Medium Enterprises.

A

66%

19
Q

NATIONAL/LOCAL DATA (FI):
While there is a small gender gap regarding stock market accounts, the women’s share in the market rose from 43% in 2013 to __% in 2020.

A

48%

20
Q

IMPLICATIONS (LFP):
The insufficient representation of women in the labor force leads to
reduced overall economic growth and productivity.

A

Lack of Economic Growth

21
Q

IMPLICATIONS (LFP):
Gender gaps in labor force participation increase social imbalance and diminish social unity.

A

Social Inequality

22
Q

IMPLICATIONS (LFP):
Limited diversity in the workforce due to gender gaps delays progress.

A

Hampers Innovation

23
Q

IMPLICATIONS (LFP):
Women’s restricted access to education and professional development impedes their economic participation.

A

Lack of Economic Participation

24
Q

IMPLICATIONS (FI):
Financial exclusion contributes to higher poverty rates, particularly among women.

A

Poverty Rates

25
Q

IMPLICATIONS (FI):
Limited financial access results in poorer health outcomes for
families and communities.

A

Poorer Health Outcomes

26
Q

IMPLICATIONS (FI):
Lack of financial resources hinders investment and entrepreneurship, restraining overall economic growth.

A

Lack of Economic Growth

27
Q

CURRENT INITIATIVES:
This consultation proposal aims to accelerate action regarding gender equality for a sustainable, resilient and inclusive future. One out of the many issues it aims to tackle are the constraints in women’s economic prospects.

A

The World Bank 2024-2030 Gender Strategy

28
Q

CURRENT INITIATIVES:
A strategic objective involving economic dimensions for inclusive and shared prosperity includes the following outcomes:

A
  • Improved equal access to more and better jobs (including those in the future)
  • Expanded ownership and use of economic assets
  • Expanded access to and use of services that enable economic participation
29
Q

CURRENT INITIATIVES:
Increasing Income-earning Ability and Promoting an Inclusive, Innovative and Healthy Financial Sector are just two of the many issues this development plan aims to tackle.

A

Philippine Development Plan 2023-2028

30
Q

CURRENT INITIATIVES:
One of the objectives of this strategy was to achieve balanced participation of both men and women in political, public, social, and most importantly, economic life.

A

Council of Europe Gender Equality Strategy 2024-2029

31
Q

CURRENT INITIATIVES:
One of its aims is to create and maintain an enabling environment at workplaces where men and women have equal opportunities to contribute to the advancement of the organization’s mission.

A

United Nations Development Programme
Papua New Guinea Gender Equality Strategy 2023-2025

32
Q

CURRENT INITIATIVES:
Plans regarding economic equality include:

A
  • Corporate leadership
  • Equitable organizational policies and processes
  • Capacity Development
  • Gender Programming and Service Implementation
  • Measurement and Reporting
  • Communication and Branding for gender equality
    success stories