Gender equality and its impact on financial and economic security

Abstract

Gender equality, as equality of rights between men and women, equality of their opportunities and status, is not only a matter of social justice, but also of sustainable development of the economy and financial stability of the country.The article reviews the literature including the definition of gender equality and its evolution over time, as well as an analysis of different approaches to understanding financial and economic security. Special attention is paid to the role of gender equality in financial inclusion and economic activity of women. The impact of gender equality on social capital and sustainable development of countries is analyzed. The purpose of this article is to provide an understanding of the relationship between gender equality and financial and economic security, and to highlight the importance of gender aspects in achieving sustainable and consistent development of the country. The gender wage gap and the low participation of women in employment and economic processes in general limit the potential of the economy. Continuous persistence of such inequalities results in loss of resources and opportunities for economic growth. The untapped potential and knowledge of women become an obstacle to increasing productivity and innovation. A special emphasis on gender equality in the financial and economic sector contributes to increasing women’s access to financial services, their economic independence and reducing the risks of financial insecurity. This contributes to increasing the stability of the economy and financial security. Gender equality also has a positive impact on entrepreneurship and innovation, which contributes to the development of new markets and job creation. Thus, gender equality is not only a matter of justice, but also a key factor for achieving sustainable economic development and ensuring the country’s financial stability. Understanding the relationship between gender equality and financial and economic security is an important step in ensuring the prosperity and long-term sustainability of society.