Seventeen months after Russia invaded Ukraine, millions of Ukrainians remain scattered around the world, with no end to the war in sight. Many of those who fled are women and children. Unless they return when the fighting is over, some of the damage inflicted on their country's economy may become permanent.
On this season’s final episode of Stephanomics, Kyiv bureau chief Daryna Krasnolutska explains why women are so critical to Ukraine’s recovery. Most men age 18-60 aren’t allowed to leave the country, which explains why 68% of Ukrainian refugees are women. Of them, some 2.8 million are working-age. Host Stephanie Flanders talks with Bloomberg Economist Alexander Isakov, who estimates that Ukraine’s economy would lose $20 billion a year, or about 10% of its pre-war GDP, should none of them return. The government, which says it needs 4.5 million workers to achieve its reconstruction goals, is working on incentives, including narrowing the gender pay gap, to lure them back.
Flanders also chats with Marta Foresti, a senior fellow from the Overseas Development Institute in London, who discusses the importance of refugees (especially women) to their home economies, as well as her experience of working with returnees to Sierra Leone after its decade-long civil war.
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