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In: Economics

Highlight the two (2) cost of negative discrimination on women

Highlight the two (2) cost of negative discrimination on women

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Expert Solution

There have been research that convey that the cost of negative discrimination against women or inequality against women could amount to approximately 2% of the global GDP (Gross domestic product). The direct cost of this discrimination include cost of the health system, justice system, etc., and the indirect costs include lost wages, productivity, etc.

This discrimination causes the economy to incur huge economic cost. These costs include:

1) The negative cost is the amount of reduced women's participation in the field of education, employment and civic life which further leads to increased levels of poverty. This is a huge cost on the economy. This leads to added cost on the lost employment opportunity as well as lost productivity in the economy.

2) Another negative cost is the hurdle to sustainable development.

If the society works towards reducing these discrimination against women, the subsequent costs can then be used towards development purposes.

Rahul Sunny answered 2 years ago
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