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‘Inclusive Growth and Prosperity’ – For Whom?
Article

‘Inclusive Growth and Prosperity’ – For Whom?


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Editorial Rating

8

Qualities

  • Eye Opening
  • Hot Topic
  • Inspiring

Recommendation

Management and business visionary Peter Drucker’s message to business leaders was unequivocal: You are responsible not just for the performance of your company, but also for the well-being of society at large. Looking at the last decades’ slow economic recovery, business writer Simon Caulkin argues that companies have for the most part forgotten that responsibility, leaving society more unequal and insecure than before. He suggests that business leaders can create a win-win situation for their companies and society by starting to invest again in innovation and jobs. getAbstract recommends Caulkin’s passionate essay to business leaders in every sector. 

Take-Aways

  • Traditionally, job growth and wage increases have been the main engines of economic growth.   
  • Following the 2007-2008 global financial crisis, however, companies focused on increasing shareholder value instead of creating jobs.
  • The failure to create jobs has led to increased social inequality and economic insecurity.

About the Author

Simon Caulkin is a writer and former management columnist of the UK Sunday newspaper The Observer