So, why we do the study of economics? Why Is Financial Empowerment Important? | Morningstar Importance of Economic Empowerment The economic impact of achieving gender equality in India is estimated to be US$700 billion of added GDP by 2025. 2.1 Relaxing the Grip of Poverty through Economic Development The first way by which economic devel- opment reduces inequality is by relaxing the constraints poor households face, thus reducing the frequency at which they are placed in the position to make life or death choices. One saves money to cater for urgent needs and family matters. Women's economic empowerment will help women move up in power relations that have been unbalanced so far and contribute significantly to the welfare of the family and the nation, she said. Too often, women are trapped in dangerous situations because they have no financial means to escape. ECONOMIC EMPOWERMENT The focus of this paper is on the impact of micro-finance Banks on Rural Economic Empowerment, in Delta State. Empowerment 5. Social and economic empowerment - GSDRC The creation of opportunity can be created through economic participation which will only truly happen if Blacks decide to partake in economic activity independently. When economic empowerment in Kenya is given greater consideration, there will be a significant growth in that particular economy. In a previous article, I wrote about the big questions for Africa’s next three decades, and it would be disingenuous to continue along this path without celebrating women and the extremely important role that they play on our continent.In December 2017, I had the privilege of participating in a meeting at Wilton Park on Taking Forward the Women’s Economic …