Excerpt
Excerpt
Inclusive Growth: Profitable Strategies for Tackling Poverty and Inequality. Robert Kaplan, George Serafeim, January 2018, Paper, "More than a billion people in the developing world remain in extreme poverty and outside the formal economy. Traditional CSR programs have done little to alleviate the situation and rarely produce transformative change. Instead of trying to fix local problems, the authors argue, corporations need to reimagine the regional ecosystems in which they participate. They should search for systemic, multisector opportunities; mobilize complementary partners; and obtain seed and scale-up financing from organizations with a mission to alleviate poverty."