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Investing in Our Common Future: Building a “Caring” Society

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Developed within the context of the Summit of the Future, the policy brief “Investing in Our Common Future: Building a 'Caring' Society” underscores the importance of valuing unpaid care and domestic work (UCDW) and investing in the care economy for inclusive and sustainable development, economic resilience, and gender equality. 

The analysis focuses on three key areas: (a) understanding the care economy and its impact on women's well-being and economic empowerment; (b) examining the economic rationale for investing in the care economy, highlighting its potential for providing economic returns, generating decent employment, and reducing gender disparities; and (c) introducing ESCAP's Model Framework for Action on the Care Economy, providing a practical approach for policymakers, development practitioners, and researchers in establishing comprehensive care systems.  

The brief calls on member States to improve data availability, enhance institutional capacities, and foster inter-sectoral coordination to establish effective care systems. It aligns its findings with the 2030 Agenda for Sustainable Development and the Summit of the Future, advocating for a comprehensive approach to promote a resilient, inclusive, and sustainable future.