Proposal for a Global Fund for Women through Innovative Finance

Bibliographic Data

ID12546753
AuthorsBilge Erten (0000-0002-3142-8072, Northeastern University – Economics, 360 Huntington Avenue, Boston, MA 02115, USA, corresponding author), Nilüfer Çağatay (University of Utah – Economics, 366 OSH, Salt Lake City, UT 84112, USA)
Year2017
Volume23
Issue4
Pages170-200
Publication date2017-03-03
Open AccessNo
TypeARTICLE
VenueFeminist Economics (JOURNAL)
Journal identifiersISSN: 1354-5701 • E-ISSN: 1466-4372
PublisherTaylor & Francis (PUBLISHER • GB)
DOI10.1080/13545701.2017.1287931
OpenAlexW2595339328
LanguageEN
Citations received3
References cited19

Despite the spread of budget initiatives for gender equality following the Beijing Declaration of 1995, resources allocated for eliminating gender inequalities remain inadequate. This paper proposes to create a Global Fund for Women through Innovative Finance (GFWIF) with the ability to raise funds through innovative sources of finance on a scale more appropriate to the estimated requirements of making reasonable progress toward gender equality (US$31–107 billion per year in constant 2014 dollars). It builds on previous calls by feminist economists for the establishment of such funds through global forms of taxation. Since donors’ commitments only meet the lower bound, the GFWIF could scale up funding for gender equality interventions commensurate with country needs. Global resource mobilization through innovative mechanisms, including allocations of new Special Drawing Rights, currency transaction taxes, and carbon taxes, have the potential to provide the necessary financing at a much faster pace than is currently possible

Business · Currency · Declaration · Economic growth · Economics · Gender equality · Inequality · Macroeconomics · Monetary economics · Pace · Political science · Production (economics · Returns to scale · Scale (ratio · Sociology · Fiscal Policy and Economic Growth · Global Health Care Issues · Finance

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