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close this book Development in practice: Toward Gender Equality
close this folder Chapter three
View the document Public Policies Matter
View the document Equalizing Opportunities by Modifying, the Legal Framework
View the document Land and Property Rights
View the document Labor Market Policies and Employment Law
View the document Family Law
View the document Women's bargaining position in relation to household
View the document Financial Laws and Regulations
View the document Macroeconomic: Policies
View the document Inflation tends to hit women harder than men.
View the document Sectoral Investments
View the document Using Targeting Measures to Narrow the Gender
View the document Involving Beneficiaries in Public Policy
View the document Generating and Analyzing Gender-Desegregated Data
View the document Working in Collaboration
View the document Strengthening International Policies to Meet New Challenges
View the document Conclusions

Macroeconomic: Policies

Many developing countries are implementing important policy and institutional reforms to address changing economic conditions on both the domestic and international fronts. These reforms are often supported by international financial institutions and bilateral donors. The pace of reform has varied across countries Those countries that have implemented reforms early on, carried them out consistently, and received adequate financial support have generally enjoyed faster and stronger economic growth than count ties that have undertaken reforms too slowly, too intermittently, or not at all. Where implementation has been slow or the government's commitment weak, economic distortions have tended to multiply and economic trowels to slow. limiting the government's ability to invest in physical and human capital for the future.

It is often the poorest groups in society that stand to lose the most from economic distortions. High and rising inflation places a disproportionate tax burden on the poor including low-paid wage workers and those with fixed incomes. For this and other reasons, inflation tends to hit women harder than men. An overvalued currency is also regressive; it keeps the price of goods artificially low. crowding out many locally produced goods. Women's businesses. which ate often concentrated in the informal sector, can be particularly vulnerable to competitions from cheap snorts. An overvalued currency reduces international competitiveness. limiting the availability of foreign exchange for domestic entrepreneurs and constraining business expansion and employment creation. A firm commitment to policy refortify is therefore essential to economic growth and sustainable initiatives for alleviating poverty.