More than one billion people worldwide still live in poverty. Promoting shared prosperity for these individuals fostering broad-based growth and sustained poverty reduction will require marshaling the collective energies of the public, private and social sectors. Solutions will bridge national and sectoral boundaries. And they will drive equality of opportunity without degrading the shared environment on which communities grow and livelihoods depend.
Disruptors and Decision Makers: It Takes Us All
In conversation with Jane Wales, World Bank President Jim Kim discusses how to target dynamic, enduring and broad-based growth. Our dream is a world free of poverty. When is this going to stop being a dream and start being a plan? Kim highlights the Banks vision for eliminating extreme poverty by 2030, and describes the strategic framework through which economic growth can provide opportunities for all segments of society. Watch the video here.
Global Trends, Risks and Rewards Where Are We Now, Where Are We Going?
Economist Sean Cleary highlights the historical economic trends, demographic changes and technology disruptions that fundamentally impact our ability to promote equitable societies. All of this is changing our world. Its changing our politics. Its changing our economics … The levels of disruption is going to be much greater than anything we experience today. Cleary details the system-wide stresses that arise due to the impacts of a globalized economy, while also unbundling the many factors that have exacerbated inequality in the 21st century. Watch the video here.
Coming Together to Support Communities in Times of Crisis
António Guterres, Neal Keny-Guyer, Olara Otunnu, Gayle Smith and moderator Zia Khan discussed the ability of systems to anticipate, absorb and recover from the impact of crises navigating both acute shocks and chronic stresses as they arise with increasing regularity in the midst of climate extremes and regional conflict. The speakers highlighted the divergent paths of countries that have succeeded in bolstering system wide resiliency, and those in which conflict, displacement and poor governance have continued to increase exposure and vulnerability. As Otunnu noted, the gap is becoming dramatic between those who have everything and those who are sinking deeper and deeper into despair. Watch the video here.
Harnessing the Power of Invention
Manu Prakash’s goal is to democratize scientific thinking. As Assistant Professor of Bio engineering, Stanford University, he has worked to develop innovative tools and products that can effectively reach even the most vulnerable and disenfranchised communities. Prakash and his team have developed a ¢50 microscope, for example, and he hopes that the product will end up in the back pocket of every child and child at heart in the world. According to Prakash, the goal is to inspire a new way of thinking and a culture of problem solving. As Prakash notes before folding together a microscope on stage, it’s important to invest in curiosity because “curious people care about their surroundings and stumble upon solutions.” Watch the video here.
A Competition Between Systems: Good Governance or Corruption
Father and daughter Mo and Hadeel Ibrahim of the Mo Ibrahim Foundation stressed the importance of good governance for development. Hadeel mentioned their studies that have shown that the assumption that if the economy improves everything else will improve with it is wrong, and her father advocated for the end of the dependance on aid. “We need to end this industry of aid. And you guys, philanthropists, you better pick up golf or something else because theres no need for you if we manage to achieve that development.” Watch the video here.