WEF DEVELOPMENT INDEX
Meet employees’ needs in a way that improves business productivity
In 2018 the meeting of the World Economic Forum (WEF) in Davos has given emerging economies a much more visible platform. A question arising is whether the path to achieve economic growth and stimulus today should follow the same trajectory as it did historically for more developed economies. Consider SA. Deputy President Cyril Ramaphosa mounted a very specific campaign at WEF 2018 to rekindle foreign investor confidence in the country. SA’s reality is that, politics aside, its future success will be intertwined with the success of its private sector. Tackling issues such as unemployment and economic growth means South African companies must hold their own in a rapidly changing global workplace at a time when social cohesion and social mobility are being challenged. According to the 2018 WEF Inclusive Development Index, SA has sunk to 69th among the emerging economies globally, primarily because of increasing unemployment and wealth and income inequality, SA’s carbon footprint and a...
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