Council for Inclusive Capitalism’s Post

The World Economic Forum Annual Meeting 2024 brings together governments, major international organisations, partner companies, civil society leaders, experts, youth representatives, social entrepreneurs, and the media for a dynamic, open, and constructive dialogue. It is great to be engaged in these meaningful conversations. One of the most captivating topics being discussed is the importance of green transition in achieving a long-term strategy for climate and nature, especially in emerging markets. During a panel discussion with Thomas Friedman and Klaus Schwab, Prime Minister Pham Minh Chinh of Viet Nam highlighted a green transition as a key initiative for the country’s sustainable economic growth and a low-emission society that is resilient to future shocks. Have a listen for more insights: https://lnkd.in/eE7xwWxK Looking forward to more engaging conversations over the next few days! #WEF #WorldEconomicForum #RebuildingTrust #wef24 #JustTransition #BlueOrchard #ImpactInvesting #marketingmaterial

The transition to low-carbon economies in Asia and the Pacific needs to be equitable, inclusive, and gender-just. Here are four actions that can help ensure no one is left behind: https://ow.ly/RxuU50S6srP

MULTILATERALISM SERVES A MULTIPOLAR WORLD Emerging populous world economies bring national growth while new infrastructure develops to serve geo-economic region-building across borders. Multilateralism seems in more than ever. Our rules-based international order is an important stepping stone when re-designing our global governance. It nevertheless faces adjustments that serves all-inclusively. Global political, economic and cultural standing has changed dramatically since the end of WWII. Technology is driving globalization into re-globalization. Lateral thinking re-shuffle our thinking to make us see migration as a lateral opportunity that serve labor markets with talents in a changing world. Geo-economic regions allow for restructuring of strategic industries, transportation corridors and financial instruments - all desisive for creating a more (cost) effective structures that responds to demands of a more competitive environment. Commitment to multilateral world design, a disciplined and yet reactive strategy and cultural confidence can make our world appear a futuristic opportunity that take us to the next level of prosperity where global challenges including conflicts, and threats to our planetary boundaries including climate change are better managed. Vienna 1st April, 2024 🇦🇹🇪🇺 BONAFIDE 🦅 ”A Mankind in Transition” - an explorative narrative on multilateralism. ©️All rights reserved.

The Economic Commission for Latin America and the Caribbean (ECLAC) released today its annual report entitled Economic Survey of Latin America and the Caribbean 2023. Financing a sustainable transition: investment for growth and climate change action, in which it forecasts that the region’s economies will maintain low levels of growth this year and next year, affected by a negative global and very complex regional economic outlook.

It was great to attend the "Global Summit on LiFE Economy: From Principle to Action" organised by Research and Information System for Developing Countries (RIS) at New Delhi. Out of various important sessions and Action Labs, I found "Reforming Development Finance & Global Financial Architecture" very relevant and interesting. In this session we brainstormed on restructuring of multilateral institutions to effectively address global challenges. The discussion also inquired into aligning development finance with the LiFE economy, emphasizing a shift towards sustainable practices. This session also explored innovative finance mechanisms aimed at attracting private capital/ CSR/ Multilateral donors to enhance the effectiveness of development initiatives at grassroots level. Hope to take this discussion forward at state level in near future. #g20india #g20 #developmentfinance #publicpolicy

The European institutions and member states should adopt a whole-of-government/EU approach to foster coherence between strategic and development objectives, and to improve the coordination between public and private finance and interests. They should set clearer criteria to distinguish GG flagships, moving away from long lists of projects of varied scale and strategic interest and focusing more on projects that show real geopolitical and developmental impact. At the same time, the #EU should make sure that information about all GG projects is communicated in an attractive and easily-accessible manner. This should include integrating development markers to show how projects contribute to the SDGs. Developing and emerging economies now have various partners to choose from and have a clear interest in setting their own agendas. It is thus vital that real political dialogue with partner countries and meaningful country ownership drives the Global Gateway. #DevelopmentPolicy

Anna Bjerde Embracing Tomorrow: Anna Bjerde's Visionary Take on Economic Recovery at APEC 2023 As the sun sets on Day 1 of the Asia-Pacific Economic Cooperation (APEC) 2023 in San Francisco, Anna Bjerde, the World Bank's Acting Head of Operations, leaves an indelible mark with her insightful and forward-thinking address. Her message isn't just a summary of discussions; it's a beacon of hope and a roadmap for the future. Bjerde's perspective is clear: APEC member economies are not just participants in the global economic recovery; they are its architects. In the face of challenges, she sees opportunities for these economies to spearhead a resurgence, setting a precedent for the rest of the world. Her emphasis on digitalization and innovation as catalysts for efficiency is a call to action. It's about leveraging technology not just as a tool, but as a transformative force that reshapes industries and livelihoods. The approach towards tackling the environmental crisis through sustainable finance is another cornerstone of her vision. It's a strategy that goes beyond mere conservation efforts, envisioning a world where economic policies and environmental stewardship go hand in hand. Most importantly, Bjerde highlights the crucial role of investing in human capital. Her call for continued focus on empowering women and youth is not just about equality; it's about unlocking the vast potential of these groups as drivers of future growth. As we eagerly await more insights from APEC 2023, Bjerde's words resonate as a clarion call for collaboration, innovation, and inclusive growth. Stay tuned for more updates from this pivotal event. #APEC2023 #EconomicRecovery #DigitalTransformation #SustainableFinance #YouthEmpowerment #WomenInLeadership #GlobalEconomics #InnovationInPolicy #AsiaPacificGrowth #EnvironmentalStewardship

Christine Lagarde at the Inclusive Capitalism Conference 2014 Listen to the audio - https://lnkd.in/gw8N2aNA – some takeaways: 🎯Capitalism was first used in 1854 by a Novelist William Thackeray 🎯Credit derives itself from the Latin word for trust 🎯Trust, opportunity, rewarding all within a market economy, enabling all talent to flourish are key attributes of inclusive capitalism     🎯Capitalism has been characterized by repeated crises and massive excess (risk tasking, complexity, leverage, compensation that destroys value). It is also associated with high unemployment, rising social tensions, and political disillusionment. 🎯Trust is the lifeblood of modern business economies–how do we restore and sustain trust? 🎯Social mobility is more stunted in less equal societies. Excessive inequality makes capitalism less inclusive and limits an individual to develop potential  🎯Fiscal policy discipline is often the first victim of the political battle field 🎯We must address income disparity and ensure that there is integrity in the financial system 🎯Capitalism must prioritize inclusion over extraction 🎯The true role of the financial sector is to serve and not rule the economy–it’s real job is to benefit people & help with the creation of growth and jobs 🎯Complexity should not be an excuse for complacency and delay The Council for Inclusive Capitalism is a global community of CEOs taking action for an economy that works for all - https://lnkd.in/g_ADj6gd

😎 Take part in a stakeholder survey on the European Partnership on Social Transformations and Resilience. #Survey Created by the ZOE Institute for Future-fit Economies and Climate-KIC, this survey seeks to map stakeholder perspectives to develop a comprehensive understanding of emerging objectives, challenges, and supported innovations related to #sustainabledevelopment. The insights from this survey will contribute to more inclusive policy ecosystems, benefitting efforts like #KT4D, which seeks to address multifaceted social challenges with integrated solutions. Take the time to make an impact today! More information and the survey can be found here: https://lnkd.in/gNhkN8Yr 

Today, the ESM hosted the World Economic Forum’s workshop, “Securing a Green and Competitive Europe”. This is part of the ongoing collaboration between the WEF and the ESM started in 2020 on achieving EU climate goals and ensuring they remain on the political agenda. In the opening remarks, ESM Managing Director Pierre Gramegna stressed that the green transition and economic competitiveness go hand-in-hand. The green transition: 🌱 Will drive change in skills required in the job market; 🌱 Requires public and private sectors to make joint re-skilling labour efforts; 🌱 Impacts all major sectors of the economy. ESM CFO Kalin Anev Janse moderated the panel, "The Geoeconomic Race for Net-Zero", and ESM Secretary General Nicola Giammarioli chaired the panel, "Securing European Resilience and Competitiveness" on which ESM Chief Economist Rolf Strauch participated. The multi-stakeholder discussion included the CEO Action Group for the European Green Deal, selected guests from the EU and national governments as well as other experts. It provided a great platform for public and private sectors to discuss how to work together to transition Europe’s economy to net-zero, while securing European competitiveness. Only together will we make a difference for future generations. Other topics included how to boost funding to ensure sustainable investments and--in light of the problems identified during the Covid-19 pandemic--how to integrate supply chains. Many thanks to all participants for their time and for sharing their perspectives.