INCLUSIVE GROWTH

Economic growth that creates opportunity for all segments of the population and distributes the dividends of increased prosperity, both in monetary and non-monetary terms, fairly across society.

WHAT WE DO

We leverage the power of entrepreneurship and innovation to help people be fully part of 4th Industrial revolution in a more inclusive society. We act as a catalyst to empower companies to develop innovation which can help people increase their incomes, provide health, be trained to fit with the job needs.

 

WHY INCLUSIVE GROWTH MATTERS

Who is benefiting from economic growth and what outcomes do we want growth to deliver? READ MORE

INCLUSIVE GROWTH

Technology and the Future of Work

The latest study by the IMF on Technology and the Future of Work proposes that  governments help by investing in peoples’ skills. Technological advances present incredible economic and social opportunities. But they need to be supported by the right policies to ensure that they bring benefits to all.

Many feel anxious about the impact of new technology on their jobs. This is not new. In fact, it dates back at least to the Luddites movement at the outset of the Industrial Revolution. And it resurfaced during the Great Depression and again in the 1960s, following a period of high productivity growth, and in the 1980s at the outset of the IT revolution.

Two interrelated factors that have been driving the impact of technology in the past are expected to continue to do so going forward:

i) automation or, more broadly, an increase in the extent to which capital can technically substitute for labor; and

ii) the falling relative prices of capital goods (which encourage the replacement of labor for a given degree of substitutability).

IMF BLOG , read here

G20 Note on Technology and future of work 

 

How can cities lead Inclusive Growth

Cities are at the forefront of efforts to achieve inclusive growth. What does the inclusive city of the 21st century look like? How can we narrow the gap between rich and poor communities? What role can housing play in promoting inclusive growth?

Below some background material shared on the invitation to theMeeting of the OECD Global Parliamentary Network in London (hosted by the UK All-Party Parliamentary Group (APPG) on Inclusive Growth)

Making Cities Work for All: Data and Actions for Inclusive Growth

The Metropolitan Century: Understanding Urbanisation and its Consequences

Governing the City

 

The Rise of the Social Enterprise: A New Paradigm for Business

After a year of research and another enormous survey of business and HR leaders around the world,  the Deloitte Human Capital Trends 2018, entitled “The Rise of the Social Enterprise.”was released

What they found, after detailed analysis of the data and many interviews with business leaders, is that businesses today are entering a whole new paradigm for management: one which considers a business less as a “company” and more as an “institution,” integrated into the social fabric of society.

A few statistics

  • 65% of companies surveyed now rate “inclusive growth” as one of their top three goals, eclipsing strategies like “growing market share” or “being the category leader.”
  • “Citizenship and social impact” were rated critical or important by 77% of our respondents, and this topic was rated the “least ready” issue among the executives we surveyed
  • The need to create 21st century careers, improve the relevance of reward systems, focus on employee well-being, and address the issue longevity in the workforce all rated as top 10 issues in the human capital agenda

FULL ARTICLE HERE

Inclusive Growth: Profitable Strategies for Tackling Poverty and Inequality

Robert Kaplan, George Serafeim and Eduardo Tugendhat in their recent Harvard Business Review article Inclusive Growth: Profitable Strategies for Tackling Poverty and Inequality.

Their thesis is that attempts to create social value are far more likely to succeed if they’re profit-making, collaborative and boldly ambitious, something that applies to accessing hard-to-reach markets as much as the other two routes to inclusive growth that they identified, upskilling workers and building sustainable supply chains.

Read the HBR full article here

Tackling non-inclusive growth

Non-inclusive growth patterns will always ultimately fail. Such patterns cannot produce the sustained high growth that is necessary for reducing poverty and fulfilling basic human aspirations for health, security, and the chance to contribute productively and creatively to society. They underutilize and misuse valuable human resources; and they often give rise to political or social turmoil, often marked by ideological or ethnic polarization, which then leads either to wide policy swings or to policy paralysis. read more…

 

INCLUSIVE INNOVATORS

Inclusive Innovators have sustainable business models that widen social impact by growing the economy.
By tapping into the pool of usable and science and technologies to offer affordable products and services to all and to be used by all

Inclusive innovators that offer financial inclusion solutions

FarmDrive, a Kenyan enterprise, connects unbanked and underserved smallholder farmers to credit, while helping financial institutions cost-effectively increase their agricultural loan portfolios.

Inclusive Innovators with an impact on health for all

RogerVoice helps the deaf and hard of hearing make phone calls. Their clients are call centers and telecom carriers.

Inclusive Innovators with an impact on agricultural output for all

Gamaya, a Swiss agtech startup developing proprietary hyperspectral imaging technology, using drones, to provide farmers insights about their fields.

Inclusive Innovators with an impact on a cleaner world

UBQ created a revolutionary way to take ordinary household waste, including organics, that cannot be recycled, and convert it into a new worldwide-patented material that can be used to make the kind of familiar products people use every day.

 

LATEST BLOG ARTICLES

Crypto assets and currencies a possible driver for financial inclusion but not without risk

Advances in artificial intelligence promise to potentially expand access to financial services, and deepening financial inclusion. Crypto assets are just one example of how new technologies are being used to deliver financial services (Fintech).Fintech offers considerable promise, but it also poses risks and clearly the technology has also been used for illicit purposes.Mrs Lagarde ( IMF ) describes in a very clear way the disruptive and unpredictable nature of technological innovation like crypto assets and the risks associated.

Read full article here

Announcing the 2018 MIT Inclusive Innovation Challenge Asia Finalists!

Skills Development & Opportunity Matching Category
Connected Women Jobs is a technology-driven social impact start-up that matches female entrepreneurs from all over the world with Filipino women looking for remote work.
By partnering with accredited training bodies (corporate and academic partners), Gnowbe connects quality content with needed skills and mindsets. Delivered by smartphone, Gnowbe improves employability.

iMerit hires and trains economically challenged people in data and content work for Machine Learning and Computer Vision globally.

Income Growth & Job Creation Category
Plastics For Change has developed an ethical sourcing platform to create sustainable livelihoods for the urban poor, while transitioning the industry towards a circular economy.
Ricult uses advanced technology to reinvent the agriculture sector, securing a growing livelihood for those who work on-farm and creating new jobs along supply chains.
STORM seeks to enhance employee lives by enabling employees to choose much more relevant benefits through a comprehensive benefits marketplace.
Financial Inclusion Category
In 2009, CreditEase launched the YiNongDai Public Welfare platform, where enthusiasts can lend loans to needy poor rural borrowers and provide them with opportunities for development.
ftcash is one of India’s fastest growing financial inclusion ventures, recognized by Forbes, which aims to empower micro-merchants and small-businesses through loans using digital payments.
Kinara Capital provides unsecured business loans to micro and small businesses in India, empowering entrepreneurs to build sustainable businesses, create new jobs, and improve incomes.
Technology Access Category
InterviewAir is a Video Interviewing Asynchronous Multi-linguistic platform, assisting Tier 2-4 city job seekers and lateral and college campuses in India, cutting time and cost for multiple interview rounds.
Simple Motion Sdn Bhd developed a tele-health platform for migrant workers and their native doctors, enabling them to consult using smartphones, thereby improving quality of care and productivity.
SOLshare provides peer-to-peer solar energy trading platforms and pay-as-you-go solutions to low-income households seeking rural electrification and empowerment.

The Kuznets Curve and Inequality over the last 100 Years

The Kuznets curve, formulated by Simon Kuznets in the mid-1950s, argues that in preindustrial societies, almost everybody is equally poor so inequality is low.

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel first started being given in 1969, the backlog of worthy economists who were deserving of the prize was very large. Thus, it was a considerable compliment when the third Nobel prize given in economics went to Simon Kuznets in 1971. Among other major contributions, Kuznets was one of the primary contributors to thinking through the issues of constructing national income accounts and GDP. But my focus here is on a theory which grew out of his Presidential Address on “Economic Growth and Income,” delicvered to the American Economic Association in 1954 and published in the March 1955 issue of the American Economic Review. This lecture led economists to speak of a “Kuznets curve.”

Here’s a short explanation of the logic behind the Kuznets curve from Branko Milanovic in the September 2011 issue of Finance and Development has several articles with perspectives on inequality. “The Kuznets curve, formulated by Simon Kuznets in the mid-1950s, argues that in preindustrial societies, almost everybody is equally poor so inequality is low. Inequality then rises as people move from low-productivity agriculture to the more productive industrial sector, where average income is higher and wages are less uniform. But as a society matures and becomes richer, the urban-rural gap is reduced and old-age pensions, unemployment benefits, and other social transfers lower inequality. So the Kuznets curve resembles an upside-down `U.'”

In 2011, of course, the notion that inequality always declines as an economy grows no longer seems plausible. Later in the same issue, Facundo Alvaredo offers some nice figures of trends in inequality around the world since about 1900, where inequality is measured by the share of total income going to the top 1% of the income distribution. There are four figures, each with a group of countries. “In Western English-speaking countries, inequality declined until about 1980 and then began to grow again. Continental European countries and Japan had a decline until about 1950; since then income distribution has leveled. For Nordic and Southern European countries, the drop in inequality in the
early part of the century was much more pronounced than the rebound in the late part of the period. Developing countries show initial declines in inequality followed by a leveling off in some cases and an increase in inequality in others.”

 

 

 

Article by Timothy Taylor
[email protected]

NURX, the UBER for birth control

Nurx offers a platform that delivers contraceptives directly to customers’ doorsteps and allows women to skip physical doctor’s appointments, offering online access to a network of doctors and pharmacies that have partnered with the company. It’s a business plan that’s also drawn the support of Chelsea Clinton, who will join Nurx’s board as part of the new funding.The San Francisco-based Nurx was founded in 2015 with a focus on providing contraceptives to the huge number of women who are without access to care, including those who live in “contraceptive deserts” and other areas with clinic shortages. More than 19 million women in the US between the ages of 13 and 44 don’t have access to clinics that provide publicly funded birth control, according to The Campaign to Prevent Unplanned Pregnancy.

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We leverage the power of entrepreneurship and innovation to help people be fully part of 4th Industrial revolution in a more inclusive society. As a international NGO, your financial support is critical to help us act as a catalyst to empower inclusive innovators to develop innovation which can help people increase their incomes, provide health, be trained to fit with the job needs.