Policy Responses
Nations around the world can increase national and global GDP by growing women's economic participation. Together with partner governments, multilateral organizations, the private sector, and civil society, the United States should pursue the following policies.
Incentivize legal and policy reform
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1
Address constraints on female workers and entrepreneurs by modifying investment treaties and trade agreements to include stipulations that increase women's economic participation, improve women business owners' access to supply chains, and support women workers. -
2
Provide incentives across foreign-assistance programs to tackle legal barriers to women's economic participation, building on the U.S. Millennium Challenge Corporation's model. -
3
Increase efforts on the multilateral stage to eliminate legal barriers to women's economic inclusion, such as the Asia-Pacific Economic Cooperation's landmark Declaration on Women in the Economy, by supporting similar efforts in other regional bodies and within the Group of Twenty. -
4
Assist countries to increase parity in schools through cash transfers and the payment of school fees (both conditional and unconditional). -
5
Encourage countries to reform tax codes to reward dual earners and to give tax credits for childcare.
Increase women's access to capital and financial services
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1
Expand efforts through the U.S. Overseas Private Investment Corporation to narrow gender gaps in access to capital and financial services, including through the 2X Global Women's Initiative. -
2
Support banks' efforts to leverage mobile technology to increase financial inclusion, such as by sharing the lessons learned from the groundbreaking M-Pesa mobile banking and financing service in Kenya. -
3
Encourage banks to design and introduce financial products targeted to women, thereby expanding their client base.
Create an economic-inclusion challenge fund
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1
Launch a new public-private fund to support comprehensive programs to advance women's economic participation, including through access to finance and to literacy, legal, and business-skills training. -
2
Amend foreign-assistance contracting and procurement policies to create incentives for contractors to hire women or women-owned businesses. -
3
Encourage private sector efforts to source from women-owned businesses through tax breaks and other incentives. -
4
Encourage both the public and private sectors to offer flexible employment options, parental leave, and leadership training for women.
Promote technology and innovation
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1
Invest in time-saving technologies and infrastructure projects — including clean cookstoves, wells and pipe water, and electricity for households in developing economies — to reduce the burden of unpaid work on women and girls. -
2
Support women's entry into the science, technology, engineering, and mathematics (STEM) industries, such as by expanding the successful Latin American Laboratoria initiative that provides targeted skills training to young women. -
3
Provide digital literacy programs to women and girls, and encourage companies to offer mobile and digital content on health, education, and financial services.
Support research and data collection
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1
Ensure that economists measure all work — whether in the formal or informal sectors, paid or unpaid — by both men and women. -
2
Implement household-level time-use surveys to collect sex-disaggregated data on care for children, the elderly, and the sick; collection of fuel and water; household tasks; and education. -
3
Improve the collection of sex-disaggregated data on banks' client bases, which would help identify gaps in women's access to finance.
Enact U.S. domestic polices to lead by example
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1
Enforce U.S. antidiscrimination and equal pay laws, including Title VII of the Civil Rights Act and the Equal Pay Act. -
2
Pass legislation subsidizing quality, affordable childcare and eldercare. -
3
Develop a federal paid family leave program. -
4
Promote women's access to capital in the United States, including through the Small Business Administration, to address the shortfall in venture capital support for female entrepreneurs.
Other Tools to Increase Women's Economic Participation
These reports outline specific policy measures to support women's inclusion in the global labor force.