The companies working to better society and the planet are creating their own economy, but it’s up to us–and our governments–whether or not they succeed.
Imagine the world if we were able to double, triple, or even quadruple the number of problem solvers, the diversity of solutions, and the scale of social impacts.
Imagine if every government emulated NASA and opened up its toughest challenges for the world to solve.
Imagine if thousands more investors built off a patient- capital approach, sharing early-stage funding risk to sow the seeds of dignity and wealth.
Imagine if tens of millions of citizens started building better city blocks and other supportive communities; if every multi-billion- dollar company became a double- or triple-bottom-line business and directed resources to solving society’s problems.
Imagine if the number of social enterprises tripled and thousands of them had the size and scale to spread their innovations across continents.
We’ve started down the road to such a world. The solution revolution is a reality–and it’s growing. This growth, however, is uneven. It’s flourishing in the United States, the United Kingdom, India, Australia, parts of Africa, and in pockets of Europe. In whole regions of the world, however, the developments described in this book are still quite immature.
CULTIVATING A SOLUTION ECONOMY
The reason is simple: the solution economy grows to fill the space it’s given, and certain regions offer habitats more hospitable for a robust solution economy than others. Their governments provide room for creativity, their businesses embrace new measures of value, and their investors trust alternative currencies of return.
What accelerates the solution economy? What constrains it? Consider two European neighbors: France and the United Kingdom. In the United Kingdom, both Conservative and Labor governments have actively nurtured the social sector for more than a decade. The result is a large and rapidly growing economy of problem solvers and a changing role for government. Instead of shouldering almost sole responsibility for delivery, government increasingly catalyzes solutions. The United Kingdom has fewer civil servants today than at any time in the past seventy years, despite a population increase of 300 percent over the same period. Moreover, the country has experienced a rapid growth in civil society–a 40 percent increase in new charities and a doubling of large charities between 1995 and 2005.
The Latest Bing News on:
Solution Economy
- Independence the solution to cost of living crisis, says John Swinneyon May 9, 2024 at 10:14 am
The First Minister told STV News that the state of the economy in Scotland was down to 'foolish decisions' made by Westminster.
- Access Bank and Mastercard launch solution to expand access to cross-border payments in Africaon May 9, 2024 at 12:01 am
Access Bank Group, has launched an innovative solution in collaboration with Mastercard to expand access to cross-border payments and remittances to and from the continent, bringing Africa closer to ...
- Deconstructing a Circular Economy for Building Materialson May 8, 2024 at 9:50 pm
Construction companies, recyclers, manufacturers, and local governments gathered at the Circular Economy Development Center’s recent stakeholder meeting ...
- Lawmakers agree to draft legislation on insurance solutions for childcare providerson May 8, 2024 at 2:48 pm
After months of hearing from childcare providers about changes they want to see in order to stay open and recruit more staff to address statewide shortages, the Economic Affairs Interim Committee ...
- Boosting MSMEs productivity for economic growthon May 8, 2024 at 8:43 am
Micro-, small, and medium-sized enterprises (MSMEs) play an integral role in economic development throughout the globe. They provide employment opportunities for nearly 80% of business employment in ...
- We Have a Housing Crisis. This New Jersey Town Has a Solution.on May 8, 2024 at 6:55 am
New York City is home to the country’s largest economy, but its suburbs are almost all zoned for single-family homes. That lack of development has resulted in a severe housing shortage in and around ...
- Net Zero Goals Intertwine With A Viable Circular Economy, Says Sustainability Tech Experton May 6, 2024 at 7:50 am
As global industries outline net zero targets, AspenTech's Sustainability Head Rasha Hasaneen says such moves ought to be meaningfully intertwined with circularity.
- Coinbase CEO Brian Armstrong Says Layer-2 Solutions Will Drive Many Use Cases in Crypto Economyon May 5, 2024 at 9:55 am
The CEO of US-based crypto exchange Coinbase is optimistic that layer-2 scaling solutions will transform the crypto economy.
- No recession in 2023, but what will 2024 bring? Here's what economic indicators tell uson May 5, 2024 at 6:00 am
We break down GDP, unemployment and personal income metrics in New York and what these numbers tell us about our economy.
- Higher interest rates make government debt unviable as an economic solutionon May 1, 2024 at 10:00 pm
Big economies such as the US must change fiscal policy as the realities of debt and inflation bite ...
The Latest Google Headlines on:
Solution Economy
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The Latest Bing News on:
Diversity of solutions
- Diverse threat landscapes make Diversity, Equity, and Inclusion (DEI) a priorityon May 9, 2024 at 8:52 am
When tackling complex problems like cybersecurity, which evolves at breakneck speed, the need for innovative solutions is not a luxury but a necessity. In an age where digital sprawl is advancing ...
- Extreme racial politics of DEI are crumbling, and the fall began in Arizonaon May 9, 2024 at 8:29 am
Opinion: MIT and now possibly Harvard will follow the lead of Arizona universities to stop requiring diversity, equity and inclusion statements.
- Closure of Oklahoma women’s leadership program causes outcry over anti-DEI actionon May 9, 2024 at 8:04 am
The closure of a popular women’s leadership program has caused uproar among female officials at the state Capitol and across Oklahoma, who say the governor’s executive order against diversity, equity ...
- Pinnacle Group Named One of America's Greatest Workplaces for Diversity by Newsweekon May 9, 2024 at 6:00 am
Pinnacle Group, the country's largest Hispanic-owned IT/professional staffing and workforce solutions provider, is proud to announce that it has been named one of America's Greatest Workplaces for ...
- Researchers search for solutions to construct a comprehensive workforceon May 8, 2024 at 9:40 am
At the perimeter of any construction site, you will find large fences designed to keep construction materials in and danger out. But those aren't the barriers that keep more people from joining the ...
- Women in Security Profile: ‘We are far from solving the diversity problem in this industry,’ says Shawn Ruddoon May 8, 2024 at 8:17 am
Shawn Ruddo challenges other women in the security industry to get involved with an initiative that helps support women’s growth.
- NightDragon, Cisco, WWT Partner with NPower to Drive Talent Diversity in Cyber Industryon May 7, 2024 at 10:00 pm
Organizations are committed to raising awareness for closing the talent gap and increasing diversity within the cybersecurity industry ...
- MIT no longer requiring diversity statements from prospective facultyon May 7, 2024 at 7:18 am
The Massachusetts Institute of Technology (MIT) announced Monday it no longer will require diversity statements from prospective faculty. The school said the decision was directed by ...
- Changes to University of Utah's diversity policies coming into focus; potential impact still unclearon May 2, 2024 at 10:03 am
The University of Utah has released preliminary details of some of the changes to its equity, diversity and inclusion policies, as required by HB261, approved by lawmakers this year.
- Diversity Of Viewpoint Not Welcome At Cardozo Law Schoolon April 28, 2024 at 6:19 am
I recently spoke at the Cardozo Law School. The reactions of many law students to my talk made me worry deeply about the future of lawyers, law schools and the rule of law. My talk was about Israel. I ...
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Dversity of solutions
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