Built for All
Time 2022-09-24 00:43:24Web Name: Built for All
WebSite: http://www.built4all.org
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010203040506Built for All
A global framework for building inclusive economies
Our economic past
Over the last 75 years, a growing global economy enabled billions to lift themselves out of poverty. It fueled material prosperity and improvements in health, literacy, and nutrition. It contributed to rising living standards, significant advances in technology, and soaring innovation.
On average, the impact of this unprecedented economic transformation was positive for humanity. However, a deeper look shows that vast segments of the population have not shared in the ownership and the benefits of many decades of economic growth.
Amidst a global pandemic and resulting economic downturn, we are unequivocally exposed to vast differences in financial security, job fragility, and access to opportunities, both between and within nations. Now is the time to work together, across all sectors, in the urgent task of building a better, more inclusive world.
We asked the experts: how do we build a better economy?
Over the last six months, the Mastercard Center for Inclusive Growth and the Centre for Public Impact led a collaborative exercise to gather insights from Nobel laureates, heads of international organizations, and some of the world’s leading thinkers across sectors. We asked the experts: What is wrong with the economy? How can we fix it? And we summarized what we heard in Built for All. Insightful and lengthy conversations amongst the different contributors ultimately landed around a ‘north star’ as to what might constitute an inclusive economy.
Our expert panel identified four pressing systemic challenges that have perpetuated economic exclusion:
Structural forms of exclusion, based on personal characteristics, which unnecessarily limit economic potential.
A fractured social contract as the terms of worker participation in the economy—including wage growth, social benefits, and the availability of good jobs—have deteriorated.
Mounting wealth and opportunity gaps decrease the portion of society with an invested stake in the future success of the economy, creating more bystanders and fewer participants.
Lack of investment in shared resources and future generations creates a lack of resilience in essential sectors and unsustainable consumption of natural resources.
Laura Tyson
Former Chair, US President's Council of Economic Advisers; Distinguished Professor of the Graduate School, UC Berkeley
Bhaskar Chakravorti
Dean of Global Business, The Fletcher School, Tufts University
Guntram Wolff
Director, Bruegel
Designing an inclusive economy requires giving voice to individuals and places that have been insufficiently included up to now. It requires holding human decency at its core and investing in common goods and future generations.
As countries and industries rebuild, leaders around the world have an opportunity to reimagine how our economy operates.
Built for All draws from decades of past efforts, which recognize that the mounting imbalances in economic growth have ultimately resulted in an inequitable distribution of opportunity, income, and wealth. Our extensive literature review uncovered complementary perspectives from global development, business strategy, economics, and community engagement.
2020
"A company serves society at large through its activities, supports the communities in which it works, and pays its fair share of taxes. It acts as a steward of the environmental and material universe for future generations. It consciously protects our biosphere and champions a regenerative economy. It continuously expands the frontiers of knowledge to improve people’s well-being."
Davos Manifesto 2020
World Economic Forum
2020
"A stronger, more resilient, and more equitable global economy is the only path toward a better economic future - one in which countries and communities can cooperate to address challenges that no country alone can solve."
Our Call to Reimagine Capitalism in America
Omidyar Network
2008
"There is, perhaps for the first time in history, a reasonable chance of transforming the quality of life and creative opportunities for the vast majority of humanity."
The Growth Report
Strategies for Sustained Growth and Inclusive Development
2015
"Inclusive growth ensures the benefits of a growing economy extend to all segments of society. Unleashing people’s economic potential starts with connecting them to the vital networks that power the modern economy."
Outlook for Shared Prosperity
Mastercard Center for Inclusive Growth
2016
"An inclusive economy is one in which there is expanded opportunity for more broadly shared prosperity especially for those facing the greatest barriers to advancing their well-being."
Getting Beyond the Equity-Growth Dichotomy
The Rockefeller Foundation
2017
"Our current model assumes a ‘grow now, redistribute later’ approach to tackling inequalities. This has created a divided society, with many people feeling left behind from our economy."
Making our Economy Work for Everyone
Inclusive Growth Commission
2018
"As a society, we care about the distribution of well-being. People may prefer growth whose benefits are widely shared to those where benefits are limited to a few. There are thus multiple reasons why GDP is not a good measure of societal welfare."
Beyond GDP
Measuring What Counts for Economic and Social Performance, OECD
2019
"While each of our individual companies serves its own corporate purpose, we share a fundamental commitment to all of our stakeholders. We commit to: [...] investing in our employees [...] dealing fairly and ethically with our suppliers [...] supporting the communities in which we work'."
Statement on Stakeholder Capitalism
Business Roundtable
2019
"Inequality is not a new phenomenon, but it has become one of the burning social and economic issues of our age—one that is contested in academic literature and street demonstrations alike."
45th meeting of the G-7 in Biarritz, France'
G-7
2020
"A company serves society at large through its activities, supports the communities in which it works, and pays its fair share of taxes. It acts as a steward of the environmental and material universe for future generations. It consciously protects our biosphere and champions a regenerative economy. It continuously expands the frontiers of knowledge to improve people’s well-being."
Davos Manifesto 2020
World Economic Forum
2020
"A stronger, more resilient, and more equitable global economy is the only path toward a better economic future - one in which countries and communities can cooperate to address challenges that no country alone can solve."
Our Call to Reimagine Capitalism in America
Omidyar Network
2008
"There is, perhaps for the first time in history, a reasonable chance of transforming the quality of life and creative opportunities for the vast majority of humanity."
The Growth Report
Strategies for Sustained Growth and Inclusive Development
2015
"Inclusive growth ensures the benefits of a growing economy extend to all segments of society. Unleashing people’s economic potential starts with connecting them to the vital networks that power the modern economy."
Outlook for Shared Prosperity
Mastercard Center for Inclusive Growth
2016
"An inclusive economy is one in which there is expanded opportunity for more broadly shared prosperity especially for those facing the greatest barriers to advancing their well-being."
Getting Beyond the Equity-Growth Dichotomy
The Rockefeller Foundation
2017
"Our current model assumes a ‘grow now, redistribute later’ approach to tackling inequalities. This has created a divided society, with many people feeling left behind from our economy."
Making our Economy Work for Everyone
Inclusive Growth Commission
2018
"As a society, we care about the distribution of well-being. People may prefer growth whose benefits are widely shared to those where benefits are limited to a few. There are thus multiple reasons why GDP is not a good measure of societal welfare."
Beyond GDP
Measuring What Counts for Economic and Social Performance, OECD
2019
"While each of our individual companies serves its own corporate purpose, we share a fundamental commitment to all of our stakeholders. We commit to: [...] investing in our employees [...] dealing fairly and ethically with our suppliers [...] supporting the communities in which we work'."
Statement on Stakeholder Capitalism
Business Roundtable
2019
"Inequality is not a new phenomenon, but it has become one of the burning social and economic issues of our age—one that is contested in academic literature and street demonstrations alike."
45th meeting of the G-7 in Biarritz, France'
G-7
2020
"A company serves society at large through its activities, supports the communities in which it works, and pays its fair share of taxes. It acts as a steward of the environmental and material universe for future generations. It consciously protects our biosphere and champions a regenerative economy. It continuously expands the frontiers of knowledge to improve people’s well-being."
Davos Manifesto 2020
World Economic Forum
2020
"A stronger, more resilient, and more equitable global economy is the only path toward a better economic future - one in which countries and communities can cooperate to address challenges that no country alone can solve."
Our Call to Reimagine Capitalism in America
Omidyar Network
Redefining prosperity
A collective framework
Built for All was designed as an actionable framework for an inclusive global economy, which we define as a system that is intentionally designed to prioritize the flourishing of all people and the planet.
We envisage businesses, government, and civic sectors coming together and exploring a common set of actions that could help global economies support a future of sustained prosperity, equal participation, and responsible stewardship.
Success in today’s economy cannot be assessed using the mindset and measures of yesterday. In this framework, we take a broader view based on a proposition that economic growth, as historically measured, provides a necessary but insufficient measurement of improvement in human outcomes.
Building an economy for all
As we have seen throughout history, inclusion is not a given in any economy. Prioritizing inclusion requires intentionally structured markets and mission-driven decision making. To these ends, a society’s investments and economic policies can either be equitable, sustainable, and unifying, or they can be unfair, exploitative, and exclusionary. The latter can lead the economy to become unstable, unsustainable, and lead to social unrest.
We can, and must, build economies where everyone flourishes, pursues their personal destiny, and is fairly rewarded. Where human creativity, enterprise, and ingenuity create a better world for all.
Let us leverage this moment, dare to imagine new possibilities, and commit to bringing them to life.
Help build inclusive economies
We are eager to collaborate with public, private, and civic institutions to cultivate economies that support human flourishing.
To learn more about what your organization can do to help build inclusive economies, please download the full report and let us know if you would like to discuss opportunities to work directly with our teams.
Related Content & Upcoming Events
Click below to see case studies on the Built for All framework in action, upcoming events, and articles relevant to building inclusive economies.
Case Study: Western Balkans
As a part of efforts to obtain EU membership, the Western Balkans is supporting entrepreneurial dynamism to improve economic competitiveness and inclusion.
Case Study: Grand Rapids
Grand Rapids has many of the ingredients to create an inclusive economy but must grapple with persistent racial inequities to reach its potential.
Recording: Building Inclusive Economies
CPI's Kevval Hanna & Megan Humes speak with Mayor Stephen Benjamin, Oren Cass, and Miguel Gamiño on building inclusive economies in their sectors
Recording: Inclusive Economies
A cross-sectoral panel and audience explores how to address differences in economic stability and access to resources exacerbated by the COVID-19 pandemic.
MGA Student Case Study: Columbia
This case study analyzes the economic and social benefits of the TransMilenio transportation service in Bogotá, including the areas where the service needs infrastructure, violence reduction, and gender equality improvements.
MGA Student Case Study: Indonesia
This case study addresses how Indonesia, along with the fintech company Amartha, is building a more equitable economic environment by providing affordable and secure financial services for all regardless of their socio-economic status.
MGA Student Case Study: Mexico
This case study analyzes Kofino, a fintech company designed to address the issue of accessible loans in Mexico. In Mexico, the large wealth gap creates income inequality and difficulties in getting approved for credit through traditional financial institutions.
MGA Student Case Study: Southeast Asia
This case study highlights the newest technology in the agricultural industry: a transparent, digital rice-trading platform that is strengthening farmers' livelihoods and mitigating the effects of climate change.
MGA Student Case Study: Sub-Saharan Africa
This case study examines the company ARED, which operates at the intersection between deep technology and renewable energy. ARED, along with other stakeholders, have the potential to work towards eradicating poverty in African regions.
Recording: The Equity Imperative Day 1 | Reimagining an Economy Built for All
Featuring remarks by Kanni Wignaraja and Michael Froman, keynote by Kaushik Basu, and panelists André Dua, Moses Gates, and Aarathi Krishnan
Recording: The Equity Imperative Day 2 | Ensuring Equal Access to Economic Opportunity
Featuring keynote by Laura Tyson and panelists Dan Breznitz, Marcela Escobari and Robert Lawrence
Recording: The Equity Imperative Day 3: Climate Justice for an Inclusive Economy
Featuring remarks by Kanni Wignaraja, keynote by Jeffrey Sachs and panelists Jemilah Mahmood, David McNair, and Arnico Panday
Built for all: A global framework for building inclusive economies
The pandemic presents the opportunity to build a better future that supports inclusive growth, sustained prosperity, equal participation, and responsible stewardship.
Pillar One: Closing the Digital and Data Divide
COVID-19 had different impacts on the digital and data divide. Learn how Chattanooga, Denver, and Portage, MI each charted their own path.
Pillar Two: Competing in a dynamic market ecosystem
COVID-19 hit small businesses especially hard. Find out how Baltimore, Boise, and Glendale worked to ensure a level playing field for work and competition.
Pillar Three: Collective stewardship of shared resources
Public infrastructure, particularly for minority communities, has long been neglected in the U.S. Learn how South Bend, Kansas City, and Pittsburgh each tried to tackle the problem.
Case Study: Mexico
235 million people working in the agricultural sector operate outside of the formal financial system. In Mexico, a pilot digital payment system shows promise.
Case Study: Western Balkans
As a part of efforts to obtain EU membership, the Western Balkans is supporting entrepreneurial dynamism to improve economic competitiveness and inclusion.
Case Study: Grand Rapids
Grand Rapids has many of the ingredients to create an inclusive economy but must grapple with persistent racial inequities to reach its potential.
Recording: Building Inclusive Economies
CPI's Kevval Hanna & Megan Humes speak with Mayor Stephen Benjamin, Oren Cass, and Miguel Gamiño on building inclusive economies in their sectors
Recording: Inclusive Economies
A cross-sectoral panel and audience explores how to address differences in economic stability and access to resources exacerbated by the COVID-19 pandemic.
MGA Student Case Study: Columbia
This case study analyzes the economic and social benefits of the TransMilenio transportation service in Bogotá, including the areas where the service needs infrastructure, violence reduction, and gender equality improvements.
MGA Student Case Study: Indonesia
This case study addresses how Indonesia, along with the fintech company Amartha, is building a more equitable economic environment by providing affordable and secure financial services for all regardless of their socio-economic status.
MGA Student Case Study: Mexico
This case study analyzes Kofino, a fintech company designed to address the issue of accessible loans in Mexico. In Mexico, the large wealth gap creates income inequality and difficulties in getting approved for credit through traditional financial institutions.
MGA Student Case Study: Southeast Asia
This case study highlights the newest technology in the agricultural industry: a transparent, digital rice-trading platform that is strengthening farmers' livelihoods and mitigating the effects of climate change.
MGA Student Case Study: Sub-Saharan Africa
This case study examines the company ARED, which operates at the intersection between deep technology and renewable energy. ARED, along with other stakeholders, have the potential to work towards eradicating poverty in African regions.
Recording: The Equity Imperative Day 1 | Reimagining an Economy Built for All
Featuring remarks by Kanni Wignaraja and Michael Froman, keynote by Kaushik Basu, and panelists André Dua, Moses Gates, and Aarathi Krishnan
Recording: The Equity Imperative Day 2 | Ensuring Equal Access to Economic Opportunity
Featuring keynote by Laura Tyson and panelists Dan Breznitz, Marcela Escobari and Robert Lawrence
Recording: The Equity Imperative Day 3: Climate Justice for an Inclusive Economy
Featuring remarks by Kanni Wignaraja, keynote by Jeffrey Sachs and panelists Jemilah Mahmood, David McNair, and Arnico Panday
Built for all: A global framework for building inclusive economies
The pandemic presents the opportunity to build a better future that supports inclusive growth, sustained prosperity, equal participation, and responsible stewardship.
Pillar One: Closing the Digital and Data Divide
COVID-19 had different impacts on the digital and data divide. Learn how Chattanooga, Denver, and Portage, MI each charted their own path.
Pillar Two: Competing in a dynamic market ecosystem
COVID-19 hit small businesses especially hard. Find out how Baltimore, Boise, and Glendale worked to ensure a level playing field for work and competition.
Pillar Three: Collective stewardship of shared resources
Public infrastructure, particularly for minority communities, has long been neglected in the U.S. Learn how South Bend, Kansas City, and Pittsburgh each tried to tackle the problem.
Case Study: Mexico
235 million people working in the agricultural sector operate outside of the formal financial system. In Mexico, a pilot digital payment system shows promise.
Case Study: Western Balkans
As a part of efforts to obtain EU membership, the Western Balkans is supporting entrepreneurial dynamism to improve economic competitiveness and inclusion.
Case Study: Grand Rapids
Grand Rapids has many of the ingredients to create an inclusive economy but must grapple with persistent racial inequities to reach its potential.
Recording: Building Inclusive Economies
CPI's Kevval Hanna & Megan Humes speak with Mayor Stephen Benjamin, Oren Cass, and Miguel Gamiño on building inclusive economies in their sectors
Recording: Inclusive Economies
A cross-sectoral panel and audience explores how to address differences in economic stability and access to resources exacerbated by the COVID-19 pandemic.
This publication was made possible by the Mastercard Center for Inclusive Growth in partnership with the Centre for Public Impact
The Mastercard Center for Inclusive Growth advances equitable and sustainable economic growth and financial inclusion around the world. The Center leverages the company’s core assets and competencies, including data insights, expertise and technology, while administering the philanthropic Mastercard Impact Fund, to produce independent research, scale global programs and empower a community of thinkers, leaders and doers on the front lines of inclusive growth.
For more information and to receive its latest insights, follow the Center on Twitter, @CNTR4growth, LinkedIn and subscribe to its newsletter.
The Centre for Public Impact is a not-for-profit founded by Boston Consulting Group. Believing that governments can and want to do better for people, we work side-by-side with governments — and all those who help them — to reimagine government, and turn ideas into action, to bring about better outcomes for everyone. We champion public servants and other changemakers who are leading this charge and develop the tools and resources they need, like our Public Impact Fundamentals, so we can build the future of government together.
To receive the latest insights from the Centre for Public Impact follow CPI on Twitter, @CPI_Foundation, and subscribe to its newsletter.
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