Economic Growth

Forum to convene leaders, new partnerships across Latin America, as US calls for inclusive growth

U.S. Vice President Kamala Harris looks on before signing the COVID-19 Hate Crimes Act into law, in the East Room at the White House in Washington, U.S., May 20, 2021. REUTERS/Kevin Lamarque - RC2UJN9C2GJF

US Vice-President Kamala Harris launched the US Administration’s Call to Action asking the private sector to enhance investments in parts of Latin America. Image: REUTERS/Kevin Lamarque

Amanda Russo
Director of Communications, Crypto Council for Innovation
Share:
Our Impact
What's the World Economic Forum doing to accelerate action on Economic Growth?
The Big Picture
Explore and monitor how Latin America is affecting economies, industries and global issues
A hand holding a looking glass by a lake
Crowdsource Innovation
Get involved with our crowdsourced digital platform to deliver impact at scale
Stay up to date:

Latin America

Listen to the article

  • Forum Founder and Executive Chairman spoke alongside the US Vice-President, leaders from business and civil society.
  • US Administration urged long-term inclusive development to improve economic opportunities.
  • Forum to support the Administration’s Call to Action by convening civil society, business, government and development institution representatives to facilitate new partnerships.

World Economic Forum Founder and Executive Chairman Klaus Schwab on Thursday spoke alongside the Vice-President of the United States, executives from leading multinational companies and representatives from civil society. They discussed how to promote inclusive and sustainable economic development and improved opportunities for nationals from Guatemala, Honduras and El Salvador, referred to as the Northern Triangle countries of Central America.

The talks came as US Vice-President Kamala Harris launched the Administration’s Call to Action, asking the private sector to enhance investments in parts of the region. The initiative urges business and social enterprises to promote inclusive economic growth opportunities and improve livelihoods as a way to address the root causes of migration and promote the long-term development of the region.

“I believe that the businesses -- in particular, our private business sector -- have a very significant role to play, as we all know, in creating jobs, in promoting economic opportunity, and in long-term development," Harris said.

She emphasized robust public-private cooperation as key to achieving meaningful outcomes, recognizing the Forum as a global leader in this area.

Harris, Schwab, Latin America, Call to Action
Vice-President Kamala Harris speaks with Forum Executive Chairman Schwab and business leaders on 27 May 2021. Image: The White House

“The Forum has been actively engaged in Latin America for decades, developing and supporting the implementation of a strategic agenda to address the region’s most pressing challenges and ensuring a robust participation of leaders,” said Schwab.

“In response to this Call to Action, the World Economic Forum will convene a network of committed actors over time. The principles of Stakeholder Capitalism provide a fundamental guide for these actors on the role that long-term, sustainable investment can play in ensuring the economy works for people, progress and the planet," he added.

Schwab also said that the Forum will bring together members of civil society, business, governments, and development institutions to facilitate collaboration.

He emphasized how inclusive and sustainable growth are core tenants of the Forum’s stakeholder capitalism concept – a way of doing business that makes the global economy work for people, progress and the planet. It states corporations should work with civil society and governments to tackle global challenges and take a long-term view. Many businesses have adopted its principles and are seeing added value.

In addition to the Forum, 11 other companies and organizations committed to support inclusive economic development in the Northern Triangle, including Accion, Bancolombia, Chobani, Davivienda, Duolingo, the Harvard T.H. Chan School of Public Health, Mastercard, Microsoft, Nespresso, Pro Mujer and the Tent Partnership for Refugees.

Have you read?
Don't miss any update on this topic

Create a free account and access your personalized content collection with our latest publications and analyses.

Sign up for free

License and Republishing

World Economic Forum articles may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with our Terms of Use.

The views expressed in this article are those of the author alone and not the World Economic Forum.

Share:
World Economic Forum logo
Global Agenda

The Agenda Weekly

A weekly update of the most important issues driving the global agenda

Subscribe today

You can unsubscribe at any time using the link in our emails. For more details, review our privacy policy.

A decade of slow growth? The World Bank’s chief economist on the global economic outlook

Linda Lacina and Ian Shine

September 25, 2024

About us

Engage with us

  • Sign in
  • Partner with us
  • Become a member
  • Sign up for our press releases
  • Subscribe to our newsletters
  • Contact us

Quick links

Language editions

Privacy Policy & Terms of Service

Sitemap

© 2024 World Economic Forum