This page in

  • English
  • Français
  • Español
  • العربية

The Economic Cost of Homophobia: How LGBT Exclusion Impacts Development




Featuring

BuzzFeed, Foreign correspondent @BuzzFeed
Professor of Women’s, Gender, and Sexuality Studies
Vice President of Inter-American Commission on Human Rights
Senior Economic Analyst, Google
Deputy Executive Director UNAIDS, Assistant Secretary General of the United Nations
Professor of Economics, University of Massachusetts, Amherst
Head of Sector Cooperation with EU Institutions & EU Member States, FRA

Date: Wednesday, March 12, 2014
Time: 12:00 p.m. - 2:00 p.m. ET (16:00 – 18:00 GMT or convert time)
Location: World Bank Headquarters and Online

This event has concluded, view the replay below!

What does exclusion cost? The World Bank hosted a panel discussion on the preliminary findings of a study that developed and tested an economic model to measure the cost of excluding sexual minorities. The model was be presented at the event and examined four areas: workplace discrimination, health disparities in HIV, suicide, and depression. Even with a narrow focus on exclusion in these four areas, this research concludes that they could cost societies billions of dollars every year.

The panelists also discussed the data challenges of quantifying homophobia, and offer pathways for further research in this area.



Follow the event on Twitter with #HomophobiaCosts


 

View the live tweets in the chat box below!

For more information, please contact Phil Crehan (pcrehan@worldbank.org)

Related Links:
- Blog: Development amid Violence and Discrimination: Sexual Minorities in Latin America
- Blog: Estimating the Global Cost of Homophobia and Transphobia
- Blog: Why Inclusion of Sexual Minorities Is Crucial to Gender Equality



Read what others are asking
Benedict E. DeDominicis
Korea, Rep.
What kind of sanctions, if any, should the international community place on countries that adopt anti-homosexual legislation?
Lia
Euro area
Have you ever carried out an investigation on the economic costs of homo-latria (the worship and promotion of the homosexual ideology), while the development needs of billions of people and families are neglected? Is the one-sided approach reflected in the very title of the panel indicative of how international organizations and the privileged ones try to impose a dictatorial agenda over the strong objection of countries and cultures throughout the world?
Park Dong-Myoung
Korea, Rep.
Even if the cost of excluding sexual minorities are billons of dollar, there are countries and societies that consider homosexualism as taboos by their own tradition or religion. Will they agree to adopt homosexuallism? It might seem like a threat to them for others to force them to give up their customs or beliefs.
ha yeon kim
Korea, Dem. Rep.
Even it is important economic value, i think that the human rights is so precious. so it is unjust that underestimate it.
Park So Hee
Korea, Rep.
after read this article, i thought excluding lgbt cost a lot. homophobia make a wall of differency,so many talented people can't doing something for world. that kind of man power waste should be improved.
Hae Ji Yoo
Korea, Rep.
What kind of measures can be taken to people biased about sexual minorities in order to form a social atmosphere accpting LGBT people?
Hae Ji Yoo
Korea, Rep.
What kind of attempts can be taken to people who are biased about sexual minorities? What should the government do in order to form a social atmosphere accepting LGBT people?
Hae Ji Yoo
Korea, Rep.
What kind of attempts can be made to change thoughts of homophobias? What should government do in order to make social atmosphere that accepts LGBT people?
Im Eunsoo
Korea, Rep.
how we can evaluate Homophobia cost? what kind of factor?
J.H. Kim
Korea, Rep.
In which aspects of development and/or economy does LGBT discrimination/exclusion affect the most, and what measures so far have been applied to resolve them?
choi su jin
Korea, Rep.
By excluding gays, what effect on economic development?
Stefan Bognas
Sweden
One issue that might have a great difference is information and education around the effects that comes from exclusion, non-acceptance or rather turn the mindset around to something positive, the possibilities for innovation, development if including and accepting others no matter who you love. Are ther any plans for funding such programs of information an education, this in combination of - no or less sanctions if the country allows this information and education program being put in place generally?
Benjamin Xue
Singapore
I'm gay, HIV+, born in and currently residing in Singapore. A country where homosexuality is still criminalized despite the law not being actively enforced by the government - Section 377a That has given rise of HIV rates within the MSM community here, heavy censorship of positive portrayals of same-sex relationships in the cinemas and on TV, LGBT discrimination by authorities & faiths goes unchecked, just to name a few. Even Recently the Prime Minister have said that 'Because it’s always been there and I think we just leave it.' With a lack of political willpower to change the laws, and given Singapore's economic power status within the Asia, what do you think CAN be done for countries that are trapped within this limbo state of LGBT rights?