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May 2006The Levy Economics Institute Working Paper Collection presents research in progress by Levy Institute scholars and conference participants. The purpose of the series is to disseminate ideas to and elicit comments from academics and professionals.The Levy Economics Institute of Bard College, founded in 1986, is a nonprofit, nonpartisan, independently funded research organization devoted to public service. Through scholarship and economic research it generates viable, effective public policy responses to important economic problems that profoundly affect the quality of life in the United States and abroad.
ABSTRACTThis paper reviews evidence of the gender effects of globalization in developing economies. It then outlines a set of macroeconomic and trade policies to promote gender equity. The evidence suggests that while liberalization has expanded women's access to employment, the long-term goal of transforming gender inequalities remains unmet and appears unattainable without state intervention in markets. This paper sets forth some general principles that can produce greater gender equality, premised on shifting from economies that are profit led and export oriented to those that are wage led and full-employment oriented. The framework is Kaleckian in its focus on the relationship between the gender distribution of income and macroeconomic outcomes.JEL Codes: F4, J2, O11, O2