Purple Economy: The Economics of Care and Sustainable Development

Investing in care is part of a forward looking, long term sustainable development model. Anna Sofia Fernandes EWL member for Portugal has produced a paper for EWL putting care at the heart of sustainable development. As we know women make up the majority of the workforce devoted to care work. The care sector tends to be less well remunerated. Women face a double burden since they are engaged in paid work and additionally do most of the unpaid housework. In addition, the integration of many women into the labour market relies on a class and ethnic/racial divide among women: caring activities, such as house cleaning or child and elderly care are often carried out by women migrant workers. Many leave their families behind to provide care for others. Gender inequalities and poverty are the main driving factors. This is a social/political issue not a personal/familial issue. Alongside addressing gender and intersectional inequalities, together with IT and ‘green’ jobs, the care sector represents the highest quality job creation potential which cannot be ignored. Read the paper and find our more.

Want to know more about feminist economics? Visit the website of the Women’s Budget Group and check out their very comprehensive resource pack!

Gender budgeting and gender equality go hand in hand.  Without the latter the former is at risk of not happening by 2030. It is interesting that the European Investment Bank (EIB) finally has a long overdue Gender Strategy, and a new Gender Action Plan in place. The EIB has the power and the resources and now the ability to show leadership and be at the vanguard of bringing real change in Europe: greater equality, less poverty and greater social cohesion! Read more