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Underprivileged Economies Need the Help of Industries

Despite experiencing tumultuous times, the global economy has still managed drastic expansion over the past 50 years. Unfortunately this growth has not positively affected everybody in the world. More than four billion people around the globe continue to subsist on as...
Read More

The Grim Reality of the Olympic Games

Not Everybody Wins at the Games Most of the media reports on the 2016 Olympic Games in Rio de Janeiro were about sunny beaches and gold medals. Not many reporters had anything negative to say when it came to the Games, after all it is meant to be a joyful event....
Read More

Peace, Tourism and Economic Growth

You would think that promoting tourism was an obvious strategy for achieving peace and economic well-being in impoverished or war-torn countries, right? Well, yes, but there are significant challenges in reaching the full potential of tourism in developing countries....
Read More

The Paradox of Economic Growth and Tourism

Discernible Growth vs. a Straggling Industry There are several inconsistencies in the role that tourism plays in contributing to economic opportunity in developing countries. By solving these inconsistencies, companies in the industry have the opportunity to take on...
Read More

Hotels for Countries by Shimon Sheves

How Industries Can Support Local Economies Worldwide

The global economy has undergone a massive expansion in the past five decades – but not everybody has been part of this growth. Over four billion people around the world still live on less than 4$ a day – and most of these people do not have the prospects required to improve their lives.

Tackling Obstacles

For the poor, employment choices and business options are limited by several inter-reliant obstacles. Being geographically secluded, experiencing market failures and being politically isolated are some of the issues the underprivileged face every day. To address these obstacles, it is important to think about creating opportunities in a broader sense.

There are several factors that enable the poor to manage their talents, skills and resources into generating income and prospects. While governments are ultimately considered to be responsible for creating opportunities for their citizens, it is also up to businesses to engage in positive change by challenging the obstacles. By influencing economic improvement, companies could contribute to development, and in turn affect the global economic environment.

hotel

Commercial Opportunity

The CSR Initiative has created an Economic Opportunity Program with the goal of helping the business community of various industries to use their capabilities to play a major role in creating economic opportunities for poverty-stricken people. The program explores a range of initiatives across a diverse range of industries.

How Businesses Can Offer Support

The Economic Opportunity Program is exploring key strategies that companies can apply to develop economic opportunity:

  • Creating inclusive business models by involving the needy in responsible roles like that of suppliers or employees.
  • Developing human capital through initiatives that address improvement of the individual’s education, health and skills.
  • Building institutional capacity by reinforcing associations with other organisations that are able to play a role in affecting positive change.
  • Helping to optimize regulations and policies that improve inclusion of the poor.

A Growing Effort

The support offered would largely depend on the industry the company is involved in. A great variety of industries brings diversity and an improved chance of expanded economic opportunity. Hybrid approaches are common, as is collaboration. The tourism industry in particular has enormous potential for providing dynamic growth options, and is open for exploration.

About the author

Shimon Sheves is an global business men who is involved in many real estate projects around the globe and in developing countries. Sheves brings his knowledge and experience from many years of involvement in the industry.

Underprivileged Economies Need the Help of Industries

Despite experiencing tumultuous times, the global economy has still managed drastic expansion over the past 50 years. Unfortunately this growth has not positively affected everybody in the world. More than four billion people around the globe continue to subsist on as...
Read More

The Grim Reality of the Olympic Games

Not Everybody Wins at the Games Most of the media reports on the 2016 Olympic Games in Rio de Janeiro were about sunny beaches and gold medals. Not many reporters had anything negative to say when it came to the Games, after all it is meant to be a joyful event....
Read More

Peace, Tourism and Economic Growth

You would think that promoting tourism was an obvious strategy for achieving peace and economic well-being in impoverished or war-torn countries, right? Well, yes, but there are significant challenges in reaching the full potential of tourism in developing countries....
Read More

The Paradox of Economic Growth and Tourism

Discernible Growth vs. a Straggling Industry There are several inconsistencies in the role that tourism plays in contributing to economic opportunity in developing countries. By solving these inconsistencies, companies in the industry have the opportunity to take on...
Read More