Feminist-Kaleckian Macroeconomic Policy for Developing Countries

Levy Economics Institute Working Paper No. 446

33 Pages Posted: 11 May 2006

See all articles by Stephanie Seguino

Stephanie Seguino

University of Vermont - Department of Economics

Caren Grown

Bard College - Levy Economics Institute

Date Written: May 2006

Abstract

This 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.

Keywords: gender, income distribution, well-being, industrial policy, foreign direct investment, trade, macroeconomic policy

JEL Classification: F4, J2, O11, O2

Suggested Citation

Seguino, Stephanie and Grown, Caren, Feminist-Kaleckian Macroeconomic Policy for Developing Countries (May 2006). Levy Economics Institute Working Paper No. 446, Available at SSRN: https://ssrn.com/abstract=900565 or http://dx.doi.org/10.2139/ssrn.900565

Stephanie Seguino (Contact Author)

University of Vermont - Department of Economics ( email )

347 Old Mill
Burlington, VT 05405-4160
United States
802-656-0187 (Phone)
802-656-8405 (Fax)

Caren Grown

Bard College - Levy Economics Institute ( email )

Annandale-on-Hudson, NY 12504-5000
United States
845-758-7738 (Phone)

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