For more than 70 years, we have seen exceptional growth and economic progress across the world. Increase in global trade and in countries' GDP led to millions of people being lifted out of poverty, creating a virtuous cycle. But today, we are witnessing a growing disconnect between economic growth and social progress, and the assumption that both go hand in hand is being questioned. How did we get here? And what can we do about it?
In this video, Mark Smith, PwC Germany partner and head of EMEA Clients & Markets, takes a closer look at the various factors that led to this situation and suggests a path forward to realign business, economies and society.
This video is part of PwC’s global efforts to analyse the growing divergence between economic growth and social wellbeing and propose a way ahead. At the centre of this initiative is a report
published as part of the 2017 G20 Summit by Colm Kelly, PwC Global Tax and Legal Services Leader, and Blair Sheppard, PwC Global Leader of Strategy and Leadership. This topic has also been the subject of a Strategy+Business article
and a blog post by Bob Moritz
, PwC Global Chairman.
Mark Smith is available for interviews. Please contact Joost Blankenspoor (firstname.lastname@example.org or +31 88 792 65 96).