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Global Female Poverty and Sustainability Efforts

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With the world going to International Accounting Standards, poverty reduction is part of the sustainability efforts. It is suggested by (Sumner, 2005) that globalization of the world's market economies is a root cause of increasing feminization poverty everywhere. The world's poverty is mostly with women and minority groups, making gender and diversity a big part of sustainability. Sustainable development is meeting the needs of the present without compromising the ability of future generations to meet their needs (Anon., n.d.). In poverty situations, people do not look at the needs of future generations. They are busy trying to meet needs for today. By companies working to reduce poverty in the sustainable efforts, they are including diversity and gender in the sustainability plan. Gender and diversity enables greater innovation, stronger problem solving capability, greater customer connection, increased morale, motivation, and engagement (Anon., n.d.). Society is changing and it is imperative that businesses change with it. Businesses need to understand the different cultures, needs, and sensitivities of customers (Green, Spring 2011). Diversity represents customer values, such as sustainability, different solutions coming from different backgrounds and experiences, and represents the communities they live in. No one can truly understand a certain culture except the ones that have been born and raised in that culture. Having a gender and diverse mix of cultures on staff

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