OBJECTIVE: TO EXPLORE HOW STEM CAN FUEL INCLUSIVE SUSTAINABLE GROWTH AND TO LAUNCH AN EQUALITY MOONSHOT
24 July 2018, 10:00am – 12:00pm
WITH THE PARTICIPATION OF NG18 SPEAKERS AND MODERATED BY TESS MATEO
According to OXFAM, 82% of the wealth generated in 2017 went to the richest 1% of the global population, while nothing went to the poorest half of humanity. Emerging technologies and scientific discoveries that promise to improve the lives of many can actually exacerbate this gap if the disadvantaged cannot access those innovations. However, the innovations can also reduce the gap if used to help the disadvantaged generate wealth. Social innovators are exploring how to leverage new technologies to help the disadvantaged capitalize on their knowledge and create solutions for their biggest problems. Increasing the number and diversity of people who own and control the world’s resources, will bring the balance and compassion critical for the world’s sustainable development.
Economic inequality is inherently ‘sexist’ resulting in underutilized capacity for innovation. Women are underrepresented throughout the innovation pipeline. This not only limits their economic opportunities, but also stifles any pioneering ideas they might contribute. While women make up the majority of the global poor, billionaires are 90 percent men. Women earn 57 percent of all college degrees, but only 35 percent are in the high-income science, technology, engineering and math (STEM) disciplines. Representing only 22 percent of the STEM workforce, females attain just 16 percent of granted patents. Women around the world tend to seek jobs in public administration, education and social work. By comparison, high net-worth individuals (mostly men with assets of at least $1 million) work in sectors like finance, technology, healthcare, manufacturing and real estate. Both the World Bank and the World Business Council for Sustainable Development published groundbreaking research proving the vital importance of women’s economic empowerment. The world’s richest man, Warren Buffet is “bullish on women.” McKinsey estimates that gender parity would add $12 trillion to global growth.
The United Nation’s 2030 Agenda and its 17 Sustainable Development Goals (SDGs) provide an unprecedented map of potential wealth creating opportunities. Governments, corporations, and civil society are expected to spend an estimated $4.5 trillion per year to achieve the SDGs and end hunger and poverty; fight climate change; and provide access to quality education, good healthcare, and clean water in the next decade. Experts anticipate renewable energy, aerospace and air transportation, agriculture and mining, education, and information communication infrastructure --as well as the traditional wealth creating sectors of finance, technology, healthcare, manufacturing and real estate—as the industries mostly likely to produce the most millionaires in the next dozen years. Women, with their deep understanding of the unmet needs and problems of the poorest, are uniquely positioned to help create solutions to help achieve the SDGs.However, they lack the STEM skills, productive assets like financial capital, and networks to leverage that knowledge into wealth creating work.
To address this and unite various siloed efforts that collectively could accelerate sustainable development,
we launch at NanoGagliato 2018 The Equality Moonshot:
Women owning at least 30% of the world’s resources.
To achieve this requires a coalition of passionate committed change makers who can transcend and adapt the complexities of a fourth industrial revolution, drive inclusive and sustainable growth, and create the future we want.