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90                                                           Women in the Economy (MWG-011)
               The proponents of modernization theory consider life in ‘traditional’ societies to limit  women’s
               resource access, decision-making power, and work role  options. They claim that modernization
               improves women’s situation by expanding their occupational choices and by increasing their material
               security.
               Advocates of Marxist feminist theory on the other hand, hold that women’s well-being deteriorates
               with the advent of class-based, capitalist society.
               Modernization theory to a large extent explains female labor force participation in terms of supply
               side factors like individual choices and preferences. It tends to attribute women’s inability to enter and
               to remain in remunerated employment  to factors  that  limit the supply of qualified and  interested
               female workers.
               Marxist feminist  theory  emphasizes structural factors over which women have little control. It
               emphasizes conditions that restrict the capitalist system’s demand for female labor. The explanation
               provided by the Marxist perspective is more near to the realities of women in the developing countries
               but not sufficient.
               We need to combine the realistic explanation provide by Marxist theory about structural condition
               and demand side factors and the social and psychological factors affecting supply of women labor as
               developed by the development list to understand the complex reality of women’s labor.
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