Few people would disagree that the benefits of economic growth should be shared – the question is how?
Nearly a decade on from the financial crisis, the global economy remains sluggish – averaging 3% annual growth since 2008 – and productivity is stagnating.
Whilst stimulating economic growth is a high priority policy for governments, there is a prevalent attitude that tackling inequality has to include economic sacrifice.
The opposite is true. Evidence is growing that higher equality is a contributor to global growth. Not only that, but inequality slows growth down, as spending power is confined to too few pockets.
The Inclusive Growth and Development Report by the World Economic Forum highlights a wide spectrum of policy and institutional levers that can foster growth and social inclusion at the same time.
These include areas such as access to quality education, productive employment and entrepreneurship, access for all, to basic living standards and infrastructure, as well as anti-corruption and fiscal remedies. Courtesy: World Economic Forum.
We cannot waste time waiting for good things to happen, we must somehow help ourselves as citizens and communities. The BBN – SAVision2020 5-Star Community Challenge has been designed to involve all within the community, young to senior, to become part of a definite and positive solution. BBN’s mission is to lead a business, public and youth partnership to develop our communities as effective centres of employment creation, as a matter of urgency. In this respect the years of work is now in place with a Definite GOAL, Practical PLAN and Urgent DEADLINE. We challenge all the communities of South Africa to achieve 5-Star Status by December 2020. We firmly believe that South Africa has what it takes to achieve this goal for all our people. Empowering all our people, in ways that encourages all to stand together, to take on this national challenge, will give us the purpose to achieve South Africa’s real destiny, amazing the world yet again. Let’s do it, after all, we are South Africans!