The Low-Down on Inclusive Growth
Covid-19 has had unprecedented social, economic and political consequences. This crisis will likely be a tipping point, disrupting many of the political, economic and social realities as we know them, which have shaped the globalized economy of the past 70 years. Undeniably, there will be a “before” and an “after” Covid-19. Strategic and managerial decisions will inevitably have to be able to learn and adapt to the new normal. Covid-19 has especially accelerated inequalities, in a very short period of time – in a context where decades of globalization and technological innovation have produced tremendous economic growth that has not been evenly distributed across populations and countries. Crises move through cycles, and they can considerably influence market forces and shape stakeholders’ expectations.
Corporations need to navigate through difficult times by upholding core values and responsible conduct. They may help justify decisions and understand consequences, while remaining credible to their ecosystem of stakeholders. In this briefing paper, Ksapa outlines 5 areas where business can encourage inclusive growth.
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