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Over the past decade there has been a growing recognition of the importance of macroeconomic policy in shaping women's living standards and their prospects for economic empowerment. It can worsen or improve the living standards of different groups of women and contribute to narrowing or widening gender gaps in incomes, health, education, nutrition, etc. The Commonwealth, in its work on women and structural adjustment, pioneered this recognition of and investigation into the implications of macroeconomic policy for women (Commonwealth Secretariat, 1989).
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