What are some of the gender implications of the current global Essay

What are some of the gender implications of the current global financial crisis How would a gendered perspective baffle responses to the current recession at a global level - Essay ExampleMortgage bankrupt was accelerated by credit default swaps. This led to credit freeze thus limiting investments and using up jumper lead to insufficient aggregate demand and frugal crisis (Seguino, 2009). G overnments resorted to bail outs thus cutting expenditure on social services such as education, health and child care. There were massive job cuts leading to human rights crisis due to mass unrests as a result of economic hardships. This paper is a review article of the gender implications of the crisis and influence of gender perspective on responses to current recession.The current global financial crisis which has alter into global economic crisis due to credit crunch has affected all people all over the world but the women are the most affected. This is because women are the caregivers at home and to the community and engage in un paid, informal and volunteer work and mostly work in the services sector. The millennium development goals pore on womens access to work opportunities, income and resources and hence improve the welfare of children, families, community and promote economic growth (Antonopoulos, 2009). Jobs were thus created in textile sector through export processing zones, tourism and land and also work in public service as social workers. Men on the other hand are involved in masculine jobs such as construction work in public works and are highly paid while females engage in lowly paid jobs. Globalization enhances masculine dominance (Acker, 2004). Due to traditions, women are considered dependent on men thus benefits such as social insurance, pensions and welfare benefits are paid through the husband (Elson & Cagatay, 2000). Privatization makes women more dependent on men as women lose public service jobs.The cut in government expenditure on socia l services has great effect on women. It translates to loss of jobs for women who are concentrated