Economic Development

Economic Development Strategies to Combat Global Poverty

Meet Eric Meade, social impact pioneer and deep thinker about what poverty really means. During this conversation be prepared to rethink what poverty means to you and to others. Discover ways to better understand poverty, how others might be experiencing poverty. Apply this understanding to make better decisions and deliver deeper poverty-alleviating impacts.
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Half of refugees in the UK struggle to get employed. What can those of us working in the social impact space do to help them find meaningful work? In the recent WISE Ways to Lead webinar, hosted by Pioneers Post in partnership with NatWest, we heard from social enterprises working with refugees to answer just that. Read on for highlights, and watch the full discussion video.
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On behalf of Futuremakers by Standard Chartered, Business Fights Poverty in partnership with Murray Edwards College, University of Cambridge, conducted a survey of over 1,200 young people about financial inclusion. The survey responses and stakeholder interviews point to three main issues: i. Young people need to be put at the heart of designing products and services that are fit for them; ii. Young people require financial information and infrastructures to make informed financial decisions; iii. A relationship of trust needs to be built as part of the provision of financial services and products.
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A report on how paying living wages throughout core operations and the value chain strengthens business performance, resilience and stability, while delivering measurable social impact and enabling businesses to more effectively deliver on human and labour rights obligations. Published with Cambridge Institute for Sustainability Leadership and Shift, with support from Unilever.
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This guide explains how the practice of farmer segmentation, if done well, can help businesses better tailor their interventions to support smallholder farmers in their global supply chains, leading to skills development, improved access to agricultural inputs, greater resilience, and eventually, a Living Income. Download it for an overview of the basic steps that any company would take to get started, and to find out how segmentation is already helping businesses reach their objectives while improving smallholder livelihoods.
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Across the world, a confluence of challenges— notably, COVID, conflict, and climate change—is driving a poverty tsunami that is already crashing into people’s lives. Inside this latest magazine, you will find articles about businesses are building breakwaters to protect the growing number of vulnerable people against the oncoming wave. Our magazines help you navigate the challenges of scaling your social impact and share some of the leading edge thinking on topics across the space.​ Download the latest issue and past issues by clicking on the buttons below.
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On Monday, World Refugee Day marked the start of Refugee Week (20-26th June) – a UK-wide festival celebrating the contributions, creativity and resilience of refugees and people seeking sanctuary. Read on to learn more about a partnership between Comic Relief and Jersey Overseas Aid which has helped support some of the two billion people who lack access to formal financial services.
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Today, there are over 100 million forcibly displaced people in the world. NaTakallam, a social enterprise, is disrupting the way we typically think of humanitarianism, language learning and international development. By being the bridge to the private sector, NaTakallam provides vital work opportunities for refugees and conflict-affected individuals, including in Ukraine.
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The Futuremakers Forum will look at the barriers to young people’s financial inclusion as well as what lies beyond them, identifying ways to redesign financial services to better meet young people’s needs.
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Aleksandra and Sandra share their leading thinking on how to best support migrant workers; what business need to do to adhere to the new EU directive on Corporate Sustainability Due Diligence; and why training doesn’t need to stop when workers have differing languages or low literacy.
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Every day, inclusive business companies overcome a myriad of challenges to improve the lives of the poor. Without sacrificing their financial sustainability, they empower people at the base of the economic pyramid to improve their livelihoods or access beneficial products and services.
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As more and more boardrooms have sustainability at the top of their to do lists, Peter Bakker, President and CEO of the World Business Council for Sustainable Development (WBCSD), warns that if tackling inequality is not a key part of your plans, your sustainability efforts will fail, and your business will suffer.
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David Grayson, Mark Lee and Chris Coulter talk about their ‘Sustainable Business Handbook’ – the guide to practical action and developing sustainability strategy.
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How to find your perfect social impact partner, and why partnering with social entrepreneurs is vital explain Clive Allison, Unilever and social entrepreneur Nivedha RM
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Ashley explores the positive impacts of mobile money and examines the challenges that remain.
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Sustainability Strategy & Innovation with Mario Elias Gonzalez. Leading thinking to drive responsible and inclusive business deep into the core of companies.
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Our new report calls for living wages to be embraced as an investment in business success and a key step towards ending in-work poverty. The report demonstrates how living wages benefit core operations, value chains and the wider operating environment and enable businesses to better meet their human rights commitments. It is time for businesses, investors and governments to realise the right to a living wage for hundreds of millions of workers worldwide.
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The InteRoots Initiative believes that what is made for the community should be by the community. Communities should decide how to best represent and govern endeavors through community-based systems. InteRoots works as a partner to communities to offer support, financial empowerment and resources.
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Ensuring corporate respect for human rights is fundamentally about people. To ensure that their actions to prevent and address human rights harm are effective, it is essential that companies engage with affected people and communities. Unfortunately, most companies are failing to undertake such stakeholder engagement.
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COVID, conflict and climate change are among a confluence of challenges driving a tsunami of poverty that is already crashing into the lives of vulnerable people and communities around the world. This article explores these trends and the role businesses can and should play.
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What do we mean by "Economic Development"?

Explore how economic growth can significantly reduce poverty through innovative business initiatives and strategic planning. Join us in making a difference.

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