Economic Development

Economic Development Strategies to Combat Global Poverty

COVID-19 may significantly hinder economic and social development across Africa. If the continent is to recover, then micro-entrepreneurs and SMEs will be the engine of growth. Local businesses will provide livelihoods for millions of people and goods and services to a growing consumer base. At the heart of this business-led recovery will be digital technology; a catalyst for inclusive growth.
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In the light of this crisis, developing skills and creating quality jobs for young people becomes an urgent priority for ensuring the future stability of society, reducing poverty and providing some means of survival for millions around the world.
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The first phase of the COVID-19 crisis posed an unprecedented challenge for the private sector. In early March, as the pandemic took hold and lockdowns went into effect in the US, companies scrambled to adapt to profound disruptions to their business operations and markets. The rush to protect employees, jobs, financial liquidity – and in some cases the survival of the firm – was all-consuming for many companies.
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It has been clear over recent months that we are deeply interconnected, and that faced with a global challenge we have the capacity to
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COVID-19 and the required lockdowns have put at risk the jobs of hundreds of millions of people. This is on top of disruptive trends
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The most successful businesses continuously evolved to stay relevant and remain competitive. Yet sometimes it takes a crisis to jolt our best intentions into action. Whether that crisis affects a business, an industry or, in the case of the novel coronavirus pandemic and the systemic problems it has exposed, the world, it’s essential to reflect on the lessons it teaches us
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The COVID-19 crisis is accelerating a shift toward a more integrated approach to corporate governance that has been gathering force for some time
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This is the second in a three part series, published in the lead up to Standard Chartered’s Futuremakers Forum online events 2020.  Join the conversation exploring innovative ideas and tangible solutions for financing young entrepreneurs.
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The term “systems transformation” is increasingly being used to describe what is needed to achieve sustainable development. Players across government, industry, academia and civil society are more and more aligned in their position that the sustainable development challenges we face are complex, highly interconnected and systemic, and that incremental change will not be enough to achieve a truly sustainable future.
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A guide to how business can help micro-, small- and medium sized enterprises to thrive and build high performing value chains in developing markets, through a system-level approach. Co-authored with Endeva. With AB Sugar, Bayer, Small Foundation, Visa Inc and Vitol Foundation.
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A toolkit on how business can help MSMEs respond, recover and rebuild better from the pandemic. With AB InBev, CEMEX, the Corporate Responsibility Initiative, Harvard Kennedy School and UK Aid.
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A discussion paper on how business can authentically embed purpose across their business, and the role investors can play. With Unilever, GSK and Visa Inc.
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A toolkit on how companies can rapidly innovate solutions in partnership with others. With the Corporate Responsibility Initiative, Harvard Kennedy School, Endeva and The Partnering Initiative and UK Aid.
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A toolkit on how companies can help sustain a chosen NGO partner through the crisis, as well as protecting the investment already made in delivery of joint partnership work. With CEMEX, GSK, Primark, and the Corporate Responsibility Initiative, Harvard Kennedy School and UK Aid.
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A toolkit drawing on the experience of a pan-African multi-stakeholder platform established to accelerate local action and share global best practice to counter the COVID-19 pandemic. With the Corporate Responsibility Initiative, Harvard Kennedy School, UK Aid and Brands on a Mission.
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A discussion paper on driving enterprise and employment for young people, developed as part of Futuremakers Forum by Standard Chartered. With Standard Chartered.
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A toolkit on how businesses can support the most vulnerable workers in their value chains during the pandemic. With Corporate Responsibility Initiative, Harvard Kennedy School and UK Aid.
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A toolkit that aims to stimulate thinking and exchange within companies and external partners about what business models for more decent jobs should look like and how to mainstream these into business practice. With The Lab Project at the International Labour Organization.
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A framework for action that explores the collective leadership of the mining and metals industry in rebuilding better in the wake of COVID-19. With the International Council on Mining and Metals and The Partnering Initiative.
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As Covid-19 wreaks havoc on lives and livelihoods around the world, fulfilling a social purpose has never been so important to businesses or their customers.
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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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