Economics of Gender - Research Paper Example

Recognition of gender equality therefore enriches economic growth in a nation. Gender equality is conveyed in approaches, opinions, actions and policies that mirror an equal valuing and endowment of opportunities for both genders. Absence of discrimination between both genders can also evidence equal eminence between the females and the males in a society. In gender equality, all individuals hold an equivalent level of power and indulge other people with respect and consideration irrespective of their sex (Dollar, David & Gatti, 1999).

Equal opportunities and equal worth for both sexes is therefore a demonstration of gender equality. Gender equality can be seen where there is no inferior valuation of females to males at birth. In a society that there is gender equality, women are accorded both their legal and marital rights. The fertility rates and child mortality rates are also lowered. There is no one solitary measure for quantifying the status of women comparative to men at the universal level. Research indicates that two measures can generally be used and these are the gender-related development index and the gender empowerment measure (Mikkola, 2007).

The gender-related development index cascades if the accomplishment levels of both women and men reduce or if the discrepancy between their achievements intensifies. On the other hand, the gender empowerment measure scrutinizes whether women and men are competent to energetically partake in the economic and political life of a society. It also studies whether women do take part in decision-making in a society. This measure is fashioned using information on women’s purchasing influence and decision-making supremacy in the economy and political power in Parliament.

Despite the use of these two types of measures, the measurement of gender equality can sometimes be difficult. This is because some of the roles that