RSA Inclusive Growth Commission sets out vision for a new economy - Rethinking Poverty

RSA Inclusive Growth Commission sets out vision for a new economy

Posted on 13 Mar 2019   Categories: New economic models, News Related Tags:  

On 6 March, the RSA Inclusive Growth Commission published their new report Inclusive growth in action: Snapshots of a new economy. In the face of a British economy that ‘is failing too many people and places’, the RSA has seen a ‘real enthusiasm for inclusive growth … across the UK and the world’, and the report seeks to translate that enthusiasm ‘into tangible and practical change on the ground’.

The report looks at inclusive growth through four key dimensions:

  • Inclusive livelihoods aims to tackle inequalities in income and opportunity, in response to the sharp rise of in-work poverty and declining job quality.
  • Inclusive wealth encompasses two key aspects: tackling wealth inequality through broadening the ownership of wealth and assets; and developing community wealth, developing institutions that generate economic value that remains within a town or city.
  • Inclusive voice is about giving citizens a greater influence over economic decision making, to ensure the perspectives of those most underserved by the economy are not excluded.
  • Finally, inclusive futures recognises that addressing structural economic challenges is often difficult because of the extent of short-termism in policy making. Building an inclusive economy is a long-term endeavour and therefore one that needs to include climate change at its core.

The report identifies eight global examples of initiatives that are applying these dimensions in a practical and systematic way. This includes Decidim Barcelona, which is described as:

‘A web-based platform which also synthesises real world engagement to provide the infrastructure for citizens and public bodies to contribute to and collaborate on making decisions about the needs and future of Barcelona.’

Also featured is the Promise of Seoul (POS), an initiative that seeks to respond to the threats of climate change ‘in a way which engages citizens in all steps of the process and which addresses socio-economic inequalities’. The Centre for Local Economic Strategies (CLES) and their work on Community Wealth Building in Preston and Lancashire is another initiative highlighted in the report, and one Rethinking Poverty has featured heavily.

Download the full report here.

Posted on 13 Mar 2019   Categories: New economic models, News Related Tags:  

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