NEWS & OPINION
Even before the pandemic hit us, calls for change could be heard from every corner of the globe. Since COVID-19, these calls are getting louder and louder. It is time for us to listen and make a decision: Do we want to go back to the world as we knew it, or do we want to build better?
"For-benefits": A new economic order for the post-COVID era
6 May 2020
The Covid-19 pandemic is threatening not only healthcare systems, but also the livelihoods of citizens and the stability of economies. With talk of stimulus and financial packages doing the rounds, this may be the right time to ask the question, is it sensible to go down the beaten path without exploring viable alternatives?
Moving Beyond CSR: The Rise of the Fourth Sector in Business
June 19, 2019
A cloudy sky is reflected in the mirrors of an office building in Pfaeffikon, Switzerland. The concept of shared value can define the future of capitalism if consumers, employees and voters make it so.
A shaken world demands balanced leadership
15 April 2020
When faced with adversity, male leaders have defaulted to militaristic vocabulary at least since defeated Romans were falling on their swords...Since responding to a virus is not achieved via combat, successfully suppressing it requires a wholly different mindset. Fortunately, several leaders around the world have reacted to the unconventional threat in unconventional style. And they are getting better results.
Please, lets not go back to normal
6 May 2020
If we want to avoid ecological disaster, world leaders and citizens must act now, write actress Juliette Binoche and astrophysicist Aurélien Barrau in a call to arms signed by more than 200 artists and scientists.
"We need a radically different form of leadership to come out the other side of Covid-19"
15 April 2020
"History doesn't repeat itself, but it often rhymes." I confess that over the years I have sometimes souped it up by rendering that last bit as "... but by God it rhymes!"
United Nations Statement to the Development Committee
17 April 2020
The UN development system has developed a socio-economic response framework and has switched into emergency mode. A significant portion of the UN's existing portfolio of sustainable development programmes of a total of $17.8 billion across all the SDGs is being adjusted and expanded towards COVID-19 related needs, in close collaboration with programme countries, donors and partners.
WEF: Stakeholder capitalism is urgently needed - and the COVID-19 crisis shows us why
World Economic Forum
2 April 2020
At the World Economic Forum's Annual Meeting 2020 in Davos earlier this year, "all the talk was about purpose and stakeholder capitalism," she added. "And I think this is the moment to say, 'Okay. If we're serious about that, let's make sure that we bring that lens of stakeholder capitalism, of collective value creation, to the table in how we structure the details of things like the bailouts,'" Mazzucato argued, referencing recent government financial rescue packages in response to COVID-19.
Lessons from Nature for the 50th Earth Day
April 22, 2020
On the 50th anniversary of #EarthDay, what better guidance can we take than from Nature’s example? Read about the empowering metaphor of the Imaginal Cell's, and how to join
@futurereboot's Imaginal network, in Kim Polman's Earth Day article.
Social good creates economic boost
15 May 2020
As unemployment rates skyrocket around the world in response to the COVID-19 pandemic, a world-first study has found social venture start-ups not only alleviate social problems but also are much more important for job creation than previously thought.
Compassionate capitalism in a post-covid world
Balu's Mussings Blog
21 May 2020
The narratives around the world show how the consumption-driven market economy has taken away everything that can be sustainable. A paradigm shift from a "for-profit" mindset to that of a "for-benefit" one is necessary. A new economic order that draws on the "for-public" DNA of the government, the efficiencies and profit mandate of the corporate world, and the social conviction and commitment of the non-profit sector is now needed. Focus needs to shift from revenue generation to ensuring benefit to all stakeholders. While this sounds challenging and like it might involve a long, drawn-out process, the COVID crisis has shown how this change is desirable — and has even already begun. What will be required is the political will and leadership to institutionalize it into the existing ecosystem.
The Guardian : Amsterdam to embrace "doughnut" model to mend post-coronavirus economy
8 April 2020
A doughnut cooked up in Oxford will guide Amsterdam out of the economic mess left by the coronavirus pandemic.
While straining to keep citizens safe in the Dutch capital, municipality officials and the British economist Kate Raworth from Oxford University's Environmental Change Institute have also been plotting how the city will rebuild in a post-Covid-19 world.
The conclusion? Out with the global attachment to economic growth and laws of supply and demand, and in with the so-called doughnut model devised by Raworth as a guide to what it means for countries, cities and people to thrive in balance with the planet.
Development disrupted: How business is changing development
12 November 2012
This article is produced and published by Devex Impact: a global initiative by Devex and USAID that focuses on the intersection of business and global development and connects companies, organizations and professionals to the practical information they need to make an impact.
Shared Responsibility, Global Solidarity: Responding to the socio economic impact of covid19
We are facing a global health crisis unlike any in the 75-year history of the United Nations — one that is killing people, spreading human suffering, and upending people’s lives. But this is much more than a health crisis. It is a human crisis. The coronavirus disease (COVID-19) is attacking societies at their core. The IMF has just reassessed the prospect for growth for 2020 and 2021, declaring that we have entered a recession – as bad as or worse than in 2009. The IMF projects recovery in 2021 only if the world succeeds in containing the virus and take the necessary economic measures.
In the face of such an unprecedented situation in recent history, the creativity of the response must match the unique nature of the crisis – and the magnitude of the response must match its scale. No country will be able to exit this crisis alone.
The Covid-19 crisis is a chance to do capitalism differently
18 March 2020
It is time to finally learn the hard lessons of the 2008 global financial crisis. As companies, from airlines to retail, come asking for bailouts and other types of assistance, it is important to resist simply handing out money. Conditions can be attached to make sure that bailouts are structured in ways that transform the sectors they're saving so that they become part of a new economy — one that is focused on the green new deal strategy of lowering carbon emissions while also investing in workers, and making sure they can adapt to new technologies. It must be done now, while government has the upper hand.
COVID Response Alliance for Social Entrepreneurs
4 May 2020
The COVID Response Alliance for Social Entrepreneurs brings together over 40 leading global organizations to coordinate response for social entrepreneurs as they overcome the significant impacts of COVID-19.
For Benefit to All
June 18, 2020
As society waits impatiently for new signs of life, there is a growing divide between those who aim to restore the comfortable rhythm of status quo and others still who seek a new cadence. A stark divide between the dire circumstances we face as a society where one in four is unemployed and an opportunity to redefine our economy and our entire existence.
Devex: How social enterprises are playing a role in COVID-19 response
6 May 2020
In normal times, social enterprises utilize business models built around digital marketplaces, pay-as-you-go financing, vendor-managed inventory, direct-to-consumer delivery, and tech-enabled quality assurance to improve medicines' affordability, availability, quality, and access. And now, many of these social enterprises are finding innovative ways to mitigate the impact of COVID-19 in the communities they serve and to limit medicine supply disruptions for their customers.
The Fourth Sector Group wants to transform the future of business
22 July 2019
It is not uncommon to see business executives wearing Sustainable Development Goal lapel pins, with a wheel of colors representing the 17 SDGs.
But all too often, these companies see the SDGs as a way to brand their corporate social responsibility initiatives, rather than a reason to change the way they do business, said Heerad Sabeti, CEO at the multistakeholder platform the Fourth Sector Group.
The fast and the curious
As a pandemic emerges, UNDP's Accelerator Labs mark a year of asking the right questions
Whether it's climate change, plummeting biodiversity rates, or unchecked consumption and waste, we already face unprecedented planetary challenges.
Now, the coronavirus COVID-19 has added an extra, deadly layer of complexity to the paths we must forge.
And we have a very limited time left in which to make the big changes that will create a sustainable and just future.
Now more than ever, there are no one-size-fits-all answers; new ways of thinking are needed.
Is the '4th sector' the future of international development?
03 October 2014
According to a recent report by Accenture Development Partnerships, digital revolution and innovative financing are reshaping the convergent forces that define international development, leading to a so-called fourth sector with the potential to become a game changer on how the industry works in the next decade.
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