Inclusive growth, as defined by the Organisation for Economic Co-operation and Development (OECD), creates opportunities for all in society and distributes both the monetary and non-monetary dividends of prosperity fairly. So what should we be distributing to build a more equal and better working world?
We conducted global surveys with executives, via social media, to better understand their views on how to drive global growth and create more inclusive economies.
Information is the fuel of growth
The poll overwhelmingly found that the majority of regions across the world supported the idea that the most important thing to distribute is information. The most enthusiastic supporters of this view were executives in Belgium and the Netherlands, where 69% of executives subscribed to this opinion. The only business executives that didn’t see information as the single most important thing to distribute were those from Spain (32%) and Argentina (29%).
When it came to distributing wealth as a way to create an inclusive economy, executives in Brazil were the most supportive (40%), while those in Canada (13%) were the least supportive. As for distributing technology, the most ardent supporters were those in Argentina (53%), and the least supportive were executives in the Netherlands (5%).
Creating a real, inclusive global economy will involve a much broader distribution of the technology, wealth and information that will enable all with an equal shot at success — not just those with the resources to possess one or more of these assets. Just how fairly these assets are distributed will determine who and how many people will prosper and succeed in the 21st century.
With the richest 1% now owning more than the rest of the world combined, the status quo is simply unsustainable for the prosperity, peace and stability of the world. We need responsive leaders who are able to drive the changes needed to build a better future for all.