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Full Description
Economic and financial crises have become perennial features of today's global economy. Macroeconomic theories of crisis, including the global crisis that unfolded in 2008, emphasize the role of financial deregulation; capital flow imbalances; and growing debt, fueled by income and wealth inequality. These approaches tend to be divorced from feminist thinking which analyzes broader distributional dynamics transmitted through structural channels and government policy responses, with an emphasis on gender, race, class and ethnicity. This volume brings together innovative thinking from heterodox macroeconomists and feminist economists to explore the causes, consequences, and ramifications of economic crises. By doing so, it highlights aspects of the economy that are frequently overlooked or ignored, such as the impact of crises on the vast amount of unpaid work which women perform relative to men.
The collection of international studies assembled here takes an innovative approach to analyzing a range of issues, from the subprime mortgage crisis to the gendered effects of austerity to the role of the International Monetary Fund in governing an unstable global economy. In so doing, it looks beyond causes and consequences and points to new directions for macroeconomic and financial policy.
This book was originally published as a special issue of Feminist Economics.
Contents
Foreword 1. Critical Perspectives on Financial and Economic Crises: Heterodox Macroeconomics Meets Feminist Economics 2. Global Financial Governance and Development Finance in the Wake of the 2008 Financial Crisis 3. Austerity Measures in Developing Countries: Public Expenditure Trends and the Risks to Children and Women 4. Economic Crisis, Gender Equality, and Policy Responses in Spain and Canada 5. Economic Recession and Recovery in the UK: What's Gender Got to Do with It? 6. Race, Gender, Power, and the US Subprime Mortgage and Foreclosure Crisis: A Meso Analysis 7. Financialization, the Great Recession, and the Stratification of the US Labour Market 8. Estimating the Impact of the 2008-09 Economic Crisis on Work Time in Turkey 9. Time Allocation of Married Mothers and Fathers in Hard Times: The 2007-09 US Recession 10. Impact of the Global Financial Crisis in Rural China: Gender, Off-farm Employment, and Wages 11. Gender Dimensions of the Global Economic and Financial Crisis in Central America and the Dominican Republic
