Summary note 4- Investing in women's economic resilience & social wellbeing
By Foreign Policy Centre.
Part of the 'Africa Rising? Building Africa's Productive Capacity for Inclusive Growth' series
In a series of Foreign Policy Centre (FPC) roundtable discussions - supported by Nestlé - the FPC seeks to explore how business can play a more constructive role in building resilience to improve women's economic and social wellbeing across Africa.
This series of roundtable discussions is taking place at a time when global development priorities are being reshaped and redefined by the 17 recently adopted UN Sustainable Development Goals and the Paris Climate Change agreement (COP21) which aspires to keep global temperature rises below 1.5°C (above pre-industrial levels) however, has yet to provide the commitments needed to achieve this. In addition, at a time when the level of global inequality and insecurity disproportionately affecting women and girls continues to be compounded by the aftermath of an unprecedented global economic crisis, on-going global economic fragility and austerity producing mounting uncertainty. These conditions present very real challenges for public spending dedicated to sustainable development. As such, understanding the development transformation role played by business and enterprise across both the formal and informal sectors has become increasingly important. How does private sector development support structural transformation and enhance sustainable development outcomes? This might range from wealth and investment creation to employment-led growth. Private sector development might also include driving innovation and technological development or help to build essential infrastructure. Furthermore, business might also support enterprise development, help improve the quality of work and provide much needed skills development and improved productivity.
This summary note reflects the discussions which took place at the fourth session which focused on how science and technology can help drive more open and inclusive innovation to explore how best women and girls across Africa might be empowered to meaningfully contribute to shaping sustainable development solutions which address the challenges they face across agriculture and the rural economy. In essence, what works, what doesn't and how can success be appropriately scaled-up and replicated?
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