Davos Calling: Competition Launched to Tackle Income Inequality

14 Nov 2016

Oliver Cann, Head of Media Content, Public Engagement, Tel.: +41 79 799 3405; E-mail: Oliver.Cann@weforum.org

Davos Calling: Competition Launched to Tackle Income Inequality

  • The World Economic Forum, World Bank and Canada’s International Development Research Centre launch competition to build more-inclusive economies
  • The competition will collect case studies of policies, business practices and partnerships that promote inclusive growth and sustainable development
  • Winners will participate in regional Forum events to discuss implementation of their ideas with governments, business leaders, civil society and academia
  • More information about the Annual Meeting of the Global Future Councils here: https://wef.ch/amgfc

To submit an entry for the inclusive growth competition, find more info here: http://wef.ch/nvd16

Dubai, United Arab Emirates, 13 November 2016 – The World Economic Forum, in partnership with Canada’s International Development Research Centre (IDRC) and the World Bank, is launching a competition to crowdsource sustainable and scalable solutions to the inclusive growth challenge.

The initiative, which aims to identify policies, business practices and partnerships that enhance productivity and growth while delivering social impact, will feature the best examples on a dedicated digital platform to be launched in 2017. The authors of the winning submissions will be invited to take part in a global symposium where they will meet leaders from government, business, civil society and academia to discuss how to accelerate their proposals to solve social challenges. A series of regional events during 2017 will offer additional opportunities to develop, launch and scale new ideas and partnerships.

The exercise seeks to address the inclusive growth challenge, where income inequality is rising within nations. Beyond a huge knowledge and coordination gap between key actors, there is an estimated $2.5 trillion hole in funding to achieve the United Nations’ Sustainable Development Goals: an untapped opportunity for the private sector to contribute solutions to social and development challenges. Ultimately, the competition aims to help identify, promote, replicate and scale up policies, business practices and partnerships that foster inclusive growth and development. It will focus on opportunities for innovation, experimentation and collaboration between stakeholders that support a prosperous, inclusive and sustainable future.

The competition is open to any individual or entity (public, private or civil society organization). Shortlisted submissions will be reviewed by a panel of judges, which will select the winning submissions. Submissions are due by 19 December 2016, and the winning ideas will be announced by mid-March 2017. To submit an entry, find more info here: http://wef.ch/nvd16

The inaugural Annual Meeting of the Global Future Councils 2016, taking place in Dubai on 13-14 November, brings together top thought leaders from the Forum’s Network of Global Future Councils, comprised of 35 groups of experts from academia, business, civil society, international organizations and government. The councils will generate ideas and solutions that influence the future global, regional and industry agendas and feed into the programme of the Forum’s Annual Meeting in Davos-Klosters, Switzerland, in January 2017. The Co-Chair of the meeting is Mohammad Al Gergawi, Minister of Cabinet Affairs and the Future of the United Arab Emirates.

Notes to Editors

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All opinions expressed are those of the author. The World Economic Forum Blog is an independent and neutral platform dedicated to generating debate around the key topics that shape global, regional and industry agendas.

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