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The economic cost of gender inequality
September 29, 2013 Editor 0
Madame Ngetsi of the Democratic Republic of the Congo is one of thousands of women in the world who—despite their talent, drive, and potential to contribute to the economic development of their countries—may never be able to fulfill their dreams of starting their own businesses. Their dreams may be dashed because of outdated legislation that reproduces debilitating gender roles.If she were a man in the DRC, Madame Ngetsi’s initial steps in starting her business would be to obtain a certificate confirming the headquarters location, notarize the articles of association, and register with the Commercial Registry. As a woman, however, a significant roadblock stands in her way: She is legally mandated to first obtain her husband’s permission to register a business. This legal requirement, found in the family code rather than in any commercial or business code, is fully in effect in the DRC. Permission letters are readily found on file at women-owned company registries. Married men face no such requirement.
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Categories: World Bank PSD
Tags: democratic republic of the congo, gender, Gender studies, Zambia
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