Women play a key role in the reconstruction and development of a country’s infrastructure, in particular after a political or economic crisis, as well as during the aftermath of a natural disaster. In recent years, this has been most notably observed in post-genocide Rwanda, where women have a significant presence within the parliament and other legislative bodies.
Although the presence of women in decision making positions throughout the government is important, it is just as important for women to play a key role in the financial and daily operations of the household. In a recent Foreign Committee Affairs Hearing entitled Beyond Micro-Finance: Empowering Women in the Developing World, the CEO of Women’s World Banking, an Associate Professor of Applied Economics and the Executive Director of Georgetown Women, Peace and Security discussed the importance of economic inclusion, national security and innovation.
It has been statistically shown that women have a higher tendency to invest in education, health and the general well being of their family and community members. As a result, providing economic independence, resources and education to the women in a community has the potential to lead to high levels of sustainability and prosperity.
It’s clear that women have an important role to play in the reconstruction and developement of infrastructure and socio-economic institutions, and these are critical towards creating greater stability and eventual prosperity within a country. Selly Kerim, an economist and research engineer, points out the importance of health, education and employment among individuals from varying socioeconomic backgrounds.
Why is it important to focus on human stories when we discuss economic, political and social global issues? Can’t we simply rely on statistics and analysis to provide accurate measurements? After hearing Selly explain one of her many projects in the sparsely populated country of Mauritania, I was intrigued by the level of passion in her voice as well as her clear explanation of the intertwining roles of human development and economics. She is a Young African Leaders Initiative (YALI) fellow, holds a PHD in finance and development economics and has a sincere passion for empowering women and children through education. Selly explained why she decided to create the first academic survey of governance and living conditions in Mauritania, and for a brief moment economics made complete sense to me.
I decided to follow up on my interest in the sphere of economics and watch the Council on Foreign Relations Women & Foreign Policy Facebook discussion on Inclusive Economies. Rachel Vogelstein, Director of CFR’s Women and Foreign Policy Program and Jeni Klugman, a development economist, discussed the report entitled Building Inclusive Economies. They highlight some of the major benefits of the full participation of women within economies as well as various indicators which influence this such as employment, pay range, types of work, education as well as cultural, religious and legal barriers.
Women not only shape the economy. Women are economists with a unique ear for the human voice and a mind to measure what matters.