From Poverty to Empowerment: Raising the Bar for Sustainable and Inclusive Growth
Anu Madgavkar, Partner, McKinsey Global Institute
“We find considerable optimism in the idea that market-led opportunities, growth, and business-led innovations can help us make tremendous progress.”
– Anu Madgavkar
Key takeaways & next steps:
The world is currently facing two significant generational challenges—raising living standards and meeting the aspirations of billions of people, and protecting the planet from the consequences of climate change.
The concept of an empowerment line represents a threshold of spending that goes beyond basic subsistence and includes essential human needs like nutrition, housing, healthcare, education, energy, and more.
Currently, 61% of the world’s population lives below the empowerment line, which is equivalent to 4.7 billion people facing daily struggles to meet their basic needs.
To address both challenges effectively, there needs to be a coordinated effort to allocate resources and prioritize actions that bridge the gap between economic empowerment and sustainability.
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