How companies can tailor social initiatives to empower more people
About 4.7 billion people are below the “economic empowerment line” – meaning they can’t afford the daily basics essential for a decent quality of life. The problem is concentrated in lower- and middle-income economies, but about 270 million live in high-income economies, surrounded by prosperity. While governments are key to reducing poverty and raising living standards, the private sector can tailor initiatives to economically empower more people, write Kweilin Ellingrud and Kevin Russell in World Economic Forum.
About 4.7 billion people are below the “economic empowerment line” – meaning they can’t afford the daily basics essential for a decent quality of life. The problem is concentrated in lower- and middle-income economies, but about 270 million live in high-income economies, surrounded by prosperity. While governments are key to reducing poverty and raising living standards, the private sector can tailor initiatives to economically empower more people, write Kweilin Ellingrud and Kevin Russell in World Economic Forum.
