In recent years, the importance of reducing wealth inequality and spurring inclusive economic growth has become apparent. Most approaches to reducing wealth inequality have been on the policy side, for example, through changing taxation. But economic prosperity can also occur for people in the lower half of the wealth distribution through market-based actions. The business sector has innovated and found profitable opportunities by serving lower income or lower wealth communities — for example, fintech or telehealth are two domains in which for-profit businesses have created opportunities for those in more disadvantaged situations to improve their well-being, including their finances.
To shed light on what the business sector has done so far, and could do in the future to spur inclusive economic growth, as well as on the challenges brought forth by these market-based endeavors, researchers at UNC Kenan-Flagler Business School and the Kenan Institute of Private Enterprise are hosting a conference on this theme to bring together some of the best academics who work on related topics, as well as representatives from the private sector.
Spencer Miller, Events Coordinator