Women, Business and the Law: How Laws Affect Women's Economic Opportunities
Workshop presenters: Claudia Lenny Corminales, Legal Analyst,World Bank Group; Viktoria Khaitina, Legal Analyst, World Bank Group
This workshop will showcase the main findings of the World Bank’s Women, Business and the Law 2021 report, and will explore the importance of legal frameworks to ensure women’s economic opportunities around the world.
Women, Business and the Law 2021 is the seventh in a series of annual studies measuring the laws and regulations that affect women’s economic opportunity in 190 economies. Amidst the challenges of the global pandemic, the report highlights global progress toward gender equality as well as identifying barriers to women's economic participation and policy actions that could be taken to improve economic opportunity for women.
Women, Business, and the Law data and analysis provide policymakers with a starting point for legal reforms by identifying the laws and regulations that limit women’s economic inclusion and prevent them from thriving as both employees and entrepreneurs. This session will focus on the main findings from the report and what can be done to improve women’s economic opportunities worldwide. We encourage participants to read the latest report, explore the project’s website, and bring their questions and reflections, as there will be plenty of time for a lively discussion.
Read a report of the Q&A After the session:
Question: What needs to be done in order to gain equality between mothers employees and mothers entrepreneurs?
Answer: Excellent question. At this stage, WBL data does not collect or analyze data regarding to mother entrepreneurs to do a comparison across regions. However, the Women, Business and the Law data and findings can also be used to assess the economic impact of laws and regulations on women’s prospects as employees and entrepreneurs, bolstering traditional human rights arguments with economic research. Further, the findings can be used to influence legislative change, make informed decisions regarding policy reform and private investment, and support research on institutions and regulation, and gain equality. Furthermore, to maintain comparability across economies, Women, Business and the Law includes an assumption that the woman in question is employed in the formal sector. However, many of the indicators have direct relevance for women who work in the informal sector, for example laws affecting women’s ability to own or inherit property. Indirectly, legal protections affecting the formal sector provide a foundation for economic inclusion and offer incentives for women to be employed in or start businesses in the formal sector.
Question: Do women need to have a special assistance or help in battle with COVID19 consequences?
Answer: Thank you, excellent question, Kalin Komatinski. Indeed, it appears women will bear the brunt of the pandemic’s effects on the global economy. COVID-19 has directly and disproportionately jeopardized women’s social and economic capabilities.
Reports suggested that it would affect men and women differently, noting that data collection and analysis could provide valuable insights into the gender dimensions of disease outbreak and response. In particular, strong legal frameworks and justice systems would be critical for maintaining stability, safeguarding citizens’ rights, and providing emergency relief during times of crisis
Women, Business and the Law team added research questions related to COVID-19 to its questionnaires last year. The new questions were designed to gather information about measures, both legal and programmatic, provisional and permanent, that governments implemented to address the unprecedented challenges faced by women employees and entrepreneurs during the pandemic.
Three distinct themes emerged during collection and analysis of these data. First, employed parents, and particularly mothers, were facing unprecedented levels of unpaid care work that were incompatible with the demands of most jobs in the labor market. Second, stay-at-home orders and other restrictions may also have been preventing women from safely and effectively accessing justice. And, third, the crisis was disproportionately threatening women’s health and safety, making the allocation of resources and services to mitigate any impact vital.
We invite you to explore a data set covering three main areas: childcare measures, access to court systems, and safeguarding women's health and safety: https://wbl.worldbank.org/content/dam/sites/wbl/documents/2021/02/WBL2021_COVID19Data_22Feb2021.xlsx
Chapter 2 of the Women, Business and the Law 2021 report summarizes data collected on how governments and societies have addressed challenges faced by women during the COVID-19 pandemic: https://wbl.worldbank.org/content/dam/sites/wbl/documents/2021/02/WBL2021_ENG_v2.pdf
Blockchain for Finance: Using Blockchain and Smart Contracts
Workshop presenters: Steve Ballinger, MBA, finance industry specialist and investor
Through foundational learning, deep dive into technology application across many industry segments, and leveraging real world case studies that are happening now, this workshop will help you to become an expert in this area and better position yourself for success either as an individual contributor or if you are in a leadership role. In the course you will learn all about:
Foundational Principles Of Blockchain Technology And Smart Contracts
The Universal And Finance Industry Specific Benefits Of Blockchain Technology And Smart Contracts
How Blockchain Technology And Smart Contracts Can Be Applied In A Variety Of Industry Segments