Global Financial Crisis Threatens Women's Meager Gains
The spreading global financial crisis is having a devastating impact on some of the most vulnerable and marginalised groups in society, including women and children. The crisis will "push millions into deeper poverty and result in the deaths of thousands of children," warns a new UNESCO study.
The most widespread negative impact could be in the Asia-Pacific region which has one of the highest ratios of women of working age. And, among working women, about 65 percent are in vulnerable employment, largely in the region's informal sector.
Many of them have no benefits - such as maternity leave and pensions - or job security, and are at great risk of falling into poverty in economic downturns, according to the Bangkok-based U.N. Economic and Social Commission for Asia and the Pacific (ESCAP).