Economic growth and investment in education critical to reducing inequality: Yale-NUS panel
SINGAPORE - The Covid-19 pandemic has exacted a disproportionate toll on women, who risk dropping out of school and the workforce because of additional household responsibilities. But while policies such as flexible work arrangements are helpful, what is critical in the long run is sustained economic growth and investments in education. These in turn create good jobs for the middle class and reduce inequality for all, not just women. This was the conclusion drawn by experts on Tuesday (March 30) at the virtual Yale-NUS Global Affairs Lecture moderated by Lee Kuan Yew School of Public Policy dean, Professor Danny Quah. Speaking on addressing global inequality, former World Bank chief economist and Yale University economics professor Pinelopi Goldberg said that during the Ebola epidemic in West Africa from 2014 to 2016, more girls than boys dropped out of school and were less likely to return after the epidemic ended - something which could also happen with Covid-19. Due to widespread lockdowns and shuttered businesses, many women - who are overrepresented in services sectors hardest hit by Covid-19 such as food and beverage, retail and entertainment - found themselves out of work. T...
