Fearonomics: the cost of discrimination

By EBRD multimedia team

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Beata Javorcik, EBRD’s Chief Economist (current) and also professor of Economics at Oxford University and Sergei Guriev, EBRD former Chief Economist and professor of economics at Science Po.

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At a time when we’re living through the highest inflation in decades, a cost of living crisis and dramatically falling rates of growth, the new Fearonomics episode looks at the cost of discrimination to the global economy.

Despite the recent advancement in the equality of rights and inclusion, 45 per cent of American workers have experienced discrimination in the past year, according to Gallup.

The World Bank’s Women, Business and the Law 2022 report states that around 2.4 billion women of working age lack equal economic opportunities and 178 countries maintain legal barriers that prevent their full economic participation.

In early 2022,the LGBTQ+ advocacy group HRC Foundation published a study showing that LGBTQ+ workers in the US earn about 90 cents for every dollar earned by a typical heterosexual worker.

Join Jonathan Charles, the EBRD’s Managing Director of Communications, Sergei Guriev, former EBRD Chief Economist and currently Professor of Economics at Science Po, and Beata Javorcik, the EBRD’s Chief Economist who is also Professor of Economics at Oxford University, to discuss how to protect the world economy’s most vulnerable groups.

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