The Impact Of The Crisis On Women In Developing Asia
As developing Asia is the most “globalised” region of the world in terms of both trade flows and financial flows, it was expected that the global crisis would adversely affect the region.
However, while the impact has indeed been strong, Gross Domestic Product (GDP) growth has, as of yet, not been negative; rather, the impact has been seen through rapid rates of deceleration. Therefore, at first glance, the impact appears to be less adverse than in some other developing regions. However, the unfavourable effects are evident in a range of other variables, and may be of longer duration than the period of slowdown in aggregate income growth. Because of this, the effects of the crisis also tend to be disproportionately distributed among the population, with certain vulnerable groups, including women and girls, affected to a worse degree than groups that are more secure or privileged.
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