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A Social-Enterprise Development Model

Prevailing sustainable-development strategies depend overwhelmingly on top-down, siloed solutions. What is needed instead are bottom-up strategies underpinned by community-based and nonprofit enterprises guided by social and ecological objectives, in addition to economic targets.

HONG KONG – Tackling climate change and inequality would be difficult in the best of times. At a time when the war in Ukraine seems set to escalate, the Sino-American rivalry grows riskier by the day, and many economies are grappling with soaring debts and inflation, surmounting these challenges seems practically impossible. But even under unfavorable conditions, a systemic, bottom-up approach can yield progress.