Webinar: Shaping Inclusive Markets
- 21 Nov 2017
- Online Webinar
The webinar will take place at 13.00 GMT on Tuesday 21 November
If you have registered and not received the link to join the webinar: join the webinar
The current global crisis of economic exclusion and inequity has millions of people in poverty with limited opportunities to escape. The questions of how markets work, and who they work for, have never been more pressing.
Truly inclusive markets lead to expanded opportunity for more broadly shared prosperity, especially for those facing the greatest barriers. With support from The Rockefeller Foundation, FSG analyzed historical cases where such inclusive transformations actually occurred in order to understand the ways in which they were achieved. Their report, Shaping Inclusive Markets, is ground-breaking. Based on its insights, Harvey Koh and Ahmed Irfan will offer practical recommendations for funders and intermediaries seeking to enable more of these shifts in the future.
- A single innovation being scaled is not enough for a market shift. Rather, these shifts occur as a result of many innovations coming together over time, interacting with and building on each other, in order for the market to evolve.
- Innovations can occur in relation to 3 areas: business models and practices; formal laws, regulations, and policies; and informal norms that guide the behaviors of various actors.
- The complexity of this work requires an iterative approach, where strategies and goals are continually refined as the system is better understood and as the system itself evolves. Organizations must remain in a state of dynamic learning and adaptation to achieve more inclusive markets.