Social Cohesion and the Future of Welfare Systems

Global Solutions Hubs

At our Global Solutions Hubs, you will find policy recommendations, solutions and experts on the policy areas of the G20 and T20. They cover the topics that are at the heart of the Global Solutions Initiative.
Do you have ideas for a Global Solutions Hub or would you like to submit your own Solution Session? Please contact us (contact@global-solutions-initiative.org).
Wealth and Health: contribution of health businesses to recoupling

The COVID-19 crisis has exposed many fundamental aspects of our society. The world needs to transcend the challenges laid bare by the crisis. There is a clear need to move beyond today’s polarization to future guided by partnership and collaboration to create a better and fairer world. How can we better link wealth and health?

The expert panel representing public, private and policy sectors as well as academic and civil society will explain the link between wealth and health, discuss the growing realization of healthcare spending as driver of wealth rather than cost item and explore the critical role of public-private partnerships in shaping the future.

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Experts

Dennis Ostwald
WifOR Institute
Alan  Donnelly
The G20 Health & Development Partnership
Jayasree Iyer
Access to Medicine Foundation
Patrice Matchaba
Global Health and Corporate Responsibility
The role of civil society and businesses for fostering recoupling

There is growing consensus that shareholder primacy has been a source of disconnect between the objectives of most businesses and the common good. Moreover, with pervasive tax evasion and growing concentration in most markets, the power of corporations and of corporate leaders is seen as a threat to sound governance and social cohesion, contributing to voters’ widespread feeling of disenfranchisement that pushes them toward populist demagogues. Many corporations now recognize the need to reaffirm their responsibility to workers, communities and the environment. New statements of purpose, as well as new corporate forms, emerge to address this crisis. This panel gathers pioneers from the business world and civil society to discuss what businesses are already doing to foster the recoupling of business practice and the common good, and how new forms of cooperation between businesses and civil society can help to scale-up and mainstream this recoupling.

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Experts

Amandine Lepoutre
Thinkers&Doers
Joost Minnaar
Corporate Rebels
Arnaud Mourot
ASHOKA Changemaker Companies
Marc Fleurbaey
Princeton University
The “true” value contribution of business – The future of accounting and reporting

Global Solutions Hub in cooperation with the Value Balancing Alliance

The value balancing alliance e.V. (VBA) is a non-profit organization founded in June 2019 by global companies to develop and promote a methodology to assess company’s impacts on nature, society, and the economy in monetary terms along the value chain. In addition, the Alliance develops a concept how this information can be reflected in the profit & loss account and the balance sheet along the traditional financial statements. The Alliance has four primary objectives: a) to standardize a methodology to assess the broader enterprise value based on multi-capital accounting and impact valuation; b) to design a disclosure frame for comparability; c) to pilot the methodology in business steering; d) to make outcomes publicly available. The aim is to provide a comprehensive set of robust and assured data on natural, social and human capital for stakeholders to improve decision-making, business steering and performance evaluation. The Alliance is supported, amongst others, by the four largest professional services networks – Deloitte, EY, KPMG, PwC – and by the OECD and the World Bank as a policy advisor. In February, the Alliance received a grant by the EU Commission to develop green accounting principles for the EU to support the implementation of the Green Deal.

The session at the Global Solutions Summit will introduce the methodology for company evaluation developed by the Value Balancing Alliance and will discuss the way forward for more holistic company evaluation. It will focus on latest developments in public and private accounting, standardizing methodologies and making them comparable, as well as on solutions to generate traction amongst key decision-makers in business and politics.

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Experts

Patrice Matchaba
Global Health and Corporate Responsibility
Dennis Snower
Global Solutions Initiative
What can the G20 do to improve social cohesion and trigger responsibility in business and politics?

In the context of recent dynamics propelled by globalization and technological developments, the trust in political institutions has diminished in many parts of the world and led to a surge of parties selfportraying as anti-establishment, often promoting nativism and xenophobia. This trend undermines the support for multilateralism and effective global governance and propagates the idea that relationships between nation states are a zero-sum-game. To revitalise multilateralism and global solidarity, the benefits of globalization and international cooperation must be made more visible and more accessible to the general public. The purpose of the session is to discuss the foundations of a social cohesion at the global level; and what the G20 can do to foster social cohesion from the local to the global level. Social cohesion is the capacity of a community to express mutual solidarity and traditionally, social cohesion is considered to be rooted primarily at the national level. How widespread is the notion of global citizenship, and to what extent is it compatible with other notions of citizenship? Could policies such as a global health fund or a global basic income and increased international cooperation on tax matters buttress the idea of global citizenship? How can businesses foster and valorize global citizenship and global solidarity?

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Experts

Paul Collier
University of Oxford
Gianluca Grimalda
Kiel Institute for the World Economy
Claudia Sanhueza
Universidad Mayor, Chile

Policy Briefs

Women in global care chains: The need to tackle intersecting inequalities in G20 countries
Alejandro Biondi - CIPPEC, Amm Quamruzzaman - University of California Berkeley, Asma Bahurmoz - King Abdulaziz University, Florencia Caro Sachetti - Centro de Implementación de Políticas Públicas para la Equidad y el Crecimiento, (CIPPEC), Margo Thomas - Women’s Economic Imperative, Marija Babovic - University of Belgrade, Peter Abrahamson - University of Copenhagen
Assessing the wellbeing impacts of the Covid-19 pandemic and three policy types: Suppression, control, and uncontrolled spread
Alex Voorhoeve - London School of Economics and Political Science, James Hammitt - Harvard University, Maddalena Ferranna - Harvard School of Public Health, Marc Fleurbaey - Princeton University, Matthew Adler - Duke University, Richard Bradley - London School of Economics and Political Science
“Smart” decentralization: Accountability and community development through urban self-governance
Charles R. Hankla - Georgia State University, Faris Abuzeid - Aeon Collective
Building global citizenship through global basic income and progressive global taxation
Fernando Filgueira - CIPPEC Argentina , Gianluca Grimalda - Kiel Institute for the World Economy, Marc Fleurbaey - Princeton University, Rubén Lo Vuolo - Interdisciplinary Centre for the Study of Public Policies
Upscaling community-based early childhood programmes to counter inequality and foster social cohesion during global uncertainty
Alejandra Cardini - CIPPEC, Claudia Costin - Center for Innovation and Excellence in Education Policies, Dwi Priyono - South East Asian Ministers of Education Organization / Regional Centre for Early Childhood Care, Education and Parenting (SEAMEO CECCEP), Jennifer Guevara - Dublin City University, Early Childhood Research Centre, Lynette Okengo - AfECN, African Early Childhood Network, Mathias Urban - Dublin City University, Early Childhood Research Centre, Rita Flórez Romero - Universidad Nacional de Colombia, Grupo de Investigación Cognición y Lenguaje en la Infancia
Recoupling economic and social prosperity
Katharina Lima de Miranda - Global Challenges Center, Social and Behavioral Approaches to Global Problems, Kiel Institute for the World Economy, Dennis Snower - Global Solutions Initiative
Enabling youth to create jobs instead of searching for jobs: Labor market-friendly incubators
Abdullatif A. Almunifi - Qassim University, Saud Almutairi - Qassim University
Properly adressing informality in the arab world: Nature, severity, and possible solutions
Abla Abdel-Latif - Egyptian Center for Economic Studies (ECES), Ahmed Dawoud - ECES
Governing diagnostics: Covid-19 and the G20
Juergen Braunstein - Harvard Kennedy School, Sachin Silva - Harvard T.H. Chan School of Public Health
Fiscal sustainability and social cohesion in the face of demographic change
Chul Ju Kim - Asian Development Bank Institute (ADBI), Cian Mulligan - King Abdullah Petroleum Studies and Research Center (KAPSARC), Karen Young - American Enterprise Institute, Pitchaya Sirivunnabood - Asian Development Bank Institute (ADBI), Sara Lechtenberg-Kasten - King Abdullah Petroleum Studies and Research Center (KAPSARC), Yong Jun Baek - Asian Development Bank Institute (ADBI)
The Socioeconomics of Pandemics Policy
Dennis Snower - Global Solutions Initiative
Recoupling Economic and Social Progress
Dennis Snower - Global Solutions Initiative, Katharina Lima de Miranda - Global Challenges Center, Social and Behavioral Approaches to Global Problems, Kiel Institute for the World Economy

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