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The Article ' Fixing Women Or Fixing The World? ' Smart Economics ', Efficiency Approaches, And

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The purpose of the paper is to review the article, “Fixing women or fixing the world? “Smart economics’, efficiency approaches, and gender equality in development” by Sylvia Chant & Caroline Sweetman. This article primarily focuses on ‘Smart economics’, referring to an investment in women for encouraging economic growth and providing impetus to women’s empowerment and gender equality.
This article addresses four main points. First, at the UN’s Fourth World Conference on Women in Beijing in 1995, the significance of women’s contribution was emphasized by the World Bank. However, according to the authors, the perception of women as goods was strengthened by the World Bank because of its emphasis on economic outcomes and its consequent failure to pay attention to the meaning of women’s empowerment and gender equality. Second, the World Bank, UN agencies and other institutions were observed to value only young women and girls, thus completely ignoring men’s role . Third, despite the existence of programs encouraging women empowerment such as microfinance and conditional cash transfers, women are forced to work for their livelihood coupled with the burden of housework. The authors also cast doubt on the notion that investing in young women and girls leads to the promotion of women’s empowerment and gender equality, or actually improves the economy as they are often unconsciously regarded as cheaper labor . Therefore, they underscored that while smart economics might

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