Care economy is a fundamental economic growth strategy
The article argues that the 'care economy'—the unpaid labor of caring for children and the elderly—is a critical, often overlooked pillar of economic growth. It suggests that policymakers must integrate care infrastructure into economic strategy to enable higher workforce participation, particularly for women.
Why it matters
Addressing the care economy is essential for sustainable economic development in rapidly aging societies across Asia.
What if one of Asia’s biggest barriers to economic growth is something that barely appears in the national accounts?
The article advocates for social policy intervention and structural economic reform to address gender-based labor disparities.
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