Economic Opportunity
Today’s new normal requires models of governance that mitigate risk and respond to evolving challenges.
Resilience for sustainable, inclusive growth
Resilience is a whole-of-city issue – Crises and disruptions require a coordinated and trusted response by the public and private sectors as well as communities. The world’s most pressing crises, including Covid-19, climate change and economic downturn, are breaking down traditional divisions in how and when public and private organizations respond. Economic and societal resilience are interlinked and are equally part of urban resilience. Cities cannot build urban resilience alone. Resilience planning, by design, fosters the cooperation of public- and private-sector organizations in supporting sustainability and inclusiveness across urban systems and societies.
Furthermore, the private sector is a catalyst for innovation and supports new economic opportunities in cities. Small and Medium Enterprises (SMEs), in particular, are key drivers of local economic development, providing 45% of jobs in emerging economies (OECD). For companies big or small alike, resilience will translate into sustainable business growth; for societies, resilience both enables and depends on meaningful economic growth, emphasizing improved quality of life, equality, and inclusiveness. Without sustained social advancement, societies are less resilient and secure. Likewise, the goal of sustainable and inclusive growth includes the protection and repair of natural environments, beyond mitigation of the effects of the climate crisis. By leveraging public policy, partnerships with private enterprises, and visible investments in people and places, cities are advancing an equitable pathway to prosperity and building urban resilience.
Our programs on economic opportunity
News and Resources
Episode 18: Holistic Disaster Resilience featuring Bangkok
Resilient Community Impact Funds to award Jakarta’s Kalibaru Hub: A catalyst for sustainable waste management and local economic growth
A Point of View: Empowering SMEs for Urban Resilience
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