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Scandalous EconomicsGender and the Politics of Financial Crises$
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Aida A. Hozic and Jacqui True

Print publication date: 2016

Print ISBN-13: 9780190204235

Published to Oxford Scholarship Online: April 2016

DOI: 10.1093/acprof:oso/9780190204235.001.0001

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Finance, Financialization, and the Production of Gender

Finance, Financialization, and the Production of Gender

Chapter:
(p.57) Chapter 4 Finance, Financialization, and the Production of Gender
Source:
Scandalous Economics
Author(s):

Adrienne Roberts

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780190204235.003.0004

This chapter seeks to document, unpack, and critique three overlapping narratives that have emerged in recent years regarding the supposed benefits of liberalized finance for gender equality. These distinct but interrelated narratives are (1) that the global financial crisis (GFC) has laid bare the reality that women’s economic activity is key to saving national economies; (2) that the extension and deepening of financial markets will have the effect of eliminating gender inequality; and (3) that investing in women is profitable for a range of private companies, including banks and investment firms. While the “business case” for gender is not new in itself, the GFC has given new impetus to calls for the necessity of investing in women in order to increase their participation in labor markets and to improve their ability to consume goods and services, including financial services, in the interest of global economic growth.

Keywords:   global financial crisis, gender, investment, inequality, financial market

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