Inclusive business at the Base of the Pyramid

See on Scoop.itInclusive Business and Impact Investing

Over the past two decades, the Asia and the Pacific region has sharply reduced its share of population living in poverty to 21% ($1.25 per capita income/expenditure at purchasing power parity of 2005) and 47% ($2), as of 2008.

Many countries in the region have broadened their approach toward economic development – promoting inclusive and sustainable growth strategies that can benefit the poor and vulnerable. While the private sector has been a key contributor to the economic boom in Asia, it has yet to fully realize its potential in creating shared value, that is to promote business models that integrate the low-income segment in unique and innovative ways that generate growth while creating value for the low-income segment and directly contributing to poverty reduction.

As such, there is increasing consensus among experts that private sector growth can be a powerful tool in the global fight against poverty if it were to focus on creating impact at the lower income groups.

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