Inclusive growth is about translating economic growth into broad-based improvements in living standards for all citizens. Inclusive growth creates opportunity and improves livelihoods across and within societies.*
The Challenge: Rising income inequality drives a variety of economic and social ills. Yet few concrete practices have emerged to channel growth into improved living standards. We need to:
- Bridge a $2.5 trillion funding gap by mobilizing the private sector to reach the Sustainable Development Goals
- Address the knowledge and coordination gap between actors
- Transform production and trade to make globalization work for all
The Goal: We are crowdsourcing public and private practices and partnerships that promote inclusive growth and development.
- We need to identify, promote, replicate and scale “win-win” cases that enhance productivity while delivering social impact.
- After all, prosperity depends on ideas: “Every generation has underestimated the potential for finding new ideas… Possibilities do not add up. They multiply.”- Paul Romer
- Widening the conversation will allow for the innovation, experimentation and collaboration necessary to achieve the SDGs.
To address these challenges and meet the stated goals, the World Economic Forum, in partnership with Canada’s International Development Research Centre (IDRC), and the World Bank Group are crowdsourcing sustainable and scalable public and private sector solutions that foster the twin objectives of enhancing productivity while delivering social impact. The initiative will provide valuable lessons for policymakers, companies, and other stakeholders interested in adapting approaches to their own circumstances and avoiding common mistakes.
We are looking for public and private practices that are:
- Novel, innovative or future-oriented
- Expected to have, or have had, system-wide impact on both business and society
- Win-Win: promote both productivity and inclusiveness/development
- Scalable and potentially replicable in other contexts
- Benefitting from a strong multi-stakeholder component
Submissions are due by 30 January 2017, 23:59 Central European Time, and the prizes will be announced in April 2017. Submit your proposal online.
Winning proposals will be featured on the Inclusive Growth and Development Platform, an interactive digital community launching in spring 2017, as well as receive recognition through:
- An invitation to a Global Symposium in Early Fall 2017 where those behind the best practices, policies and institutional models will meet with other leaders to discuss how to best move them forward. An honorarium covering travel and accommodation will be provided on a case by case basis.
- A chance to participate in one or more regional events to be held in South Asia, Latin America, Africa and Europe in Spring 2017.
- Special Mentions for excellent submissions according to the following categories:• Best Practice for Select Sustainable Development Goals
- Best Practice per Region
- Best Economic, Social, Environmental and Governance Practice
- Best Public Policy Example
- Best Private Sector Practice
- Best Civil Society Practice
- Best Multi-Stakeholder Partnership
- Most Innovative Solution
- Most Cost-Effective Solution
- The Young Leader Award for best submission from an under 30-year-old
*See World Economic Forum’s Inclusive Growth and Development Report 2015