Paper Title
THE GLOBAL ECONOMIC RECESSION: THE EFFECT ON WOMEN AND IMPLICATION FOR SCIENCE EDUCATION
Author
Chukwu, Caroline E.
Section
Management and Financial Studies
Abstract

The term global economic recession refers to a period of general economic decline pertaining to entire globe. This is often used interchangeably with the term ‘general international down turn in the world economy’. It can again be interchanged with ‘economic meltdown’ which occurs when a country experiences a sudden downturn in the state of its economy. Although a recession is less severe than a depression, it is typically associated with high unemployment or underemployment rates, companies going out of business, wages and benefits drop or become stagnated, high inflation, drop in stock market, decline in housing market, decrease or drop in nation’s Gross Domestic Product (G, D, P) and conditions become worse  as hardship takes over. The effect of economic recession is felt in all nooks and crannies of the world both in developed and developing countries. Originating from united state of America, the crisis/recession spread like a wide fire across the globe or to all countries economy. It reveals a lot of implications, both in economics in term of companies, loss of jobs, and crash of share prices and others. Thus, the objective of this paper, seeks to identify the effect of the recession or meltdown on women and the implication for science education. One of identified implications includes hunger/scarcity of essential commodities which invariably gives rise to many social vices. The implication for science education especially on women is that the objectives and aims of science and science teaching will be unachievable. It is  recommended therefore, that women should be taught how to acquire scientific values attitudes and skills so as to become self reliant.

Keywords
Global, Economic Recession, Women and Science Education

Introduction

The global economic recession has emerged as one of most universal economic crisis that has been witnessed in this century. It is one crisis that has shaken the entire world from its roots, and that has affected every facet of human life. Dejardin (2009), in Ononye and Vinking (2009), states that “the current economic crisis is deepening faster than even the most pessimistic of experts predicated just a few years ago”.

The economic recession has been called various names such as “Global economic meltdown”, “Global economic crisis”, “Global economic downswing,” “Global economic down turn,” “Global economic Go-slow,” “Global economic debacle”, e.t.c These names will be used interchangeably in this paper. Commenting on the above names, Ojo (2009) opines that, “the names reflect on how regressive, retrogressive, decreasing, debilitating, depressive, repressive, atrophying and negative impact the economic recession has made on many human undertaking or endeavour”. He further commented on the impact on the experience of those countries which rely on transactions; and whose exchange is driven essentially by market forces”. For instance, countries’ economies such as Nigeria’s, whose eighty percent is based on oil/crude, oil market. This paper, thus, looks at the effects of this economic recession /crisis on women as well as its effects on science education and science teaching in the general in the near future. 

 

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Refrences

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