| Recommendations addressing inequality in education |
| Companies |
- Provide grants and/or donations (such as Apple or Microsoft adopting a school or multiple schools).
- Provide employee-advised funds—vehicles that have been created through employee donations whose use is determined by the employees.
- Introduce Corporate foundations created by endowment by the company’s founders and/or corporate donation of profits over time.
- Encourage private Firms to partner with schools, colleges and business schools.
- Encourage the participation of the private sector and political engagement.
- Implement teacher training programs.
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| Governments |
- Avoid stringent minimum wage policies that can lead to a decrease in the amount of youth employed.
- In the case of U.S. government, utilize the “National Report Card” as a benchmark with which it can measure its level of spending on a per-student basis by state.
- In the case of the Indian government, allow for greater access to education for the population, most of which can’t afford to attend private schools, by adopting a system similar to the Tata Steel Education Excellence Program (TEEP) that the multinational firm Tata uses in schools.
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| Schools |
- Introduce a number of life-skill programs to provide students with the wherewithal to combat becoming a dismal statistic
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| Recommendations addressing gender Inequality |
| Companies |
- Define a more strategic approach in terms of gender inequality and taking measures that will assure a better balance between women and men regarding to the number of employees, average salary and coaching plans for women.
- Put into place indicators such as percentage of women working in a given company as well as ratio between women and men average salary be used to calculate the amount of taxes that a company pays.
- Define a 5 or 10 years plan in which it commits itself to achieve a certain level of gender equality.
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| Government |
- In the case of the Indian governments, promote more equal hiring practices to the private sector, mandated number of female board members, or social media campaigns by the private sector or government informing about the importance of gender equality.
- Train teachers and educators to empower them and avoid the reproduction of gender inequality (through discrimination towards women, prejudices, lack of awareness) and increase number of female teachers.
- As for South Korea, educate the public through government campaigns about the importance of having women progress in the educational system as well as acquire power positions in the labor force and the government and the continued revision and enactment of laws that prevent gender bias.
- In the USA, introduce legislation to reduce barriers for female entrepreneurs.
- As for Spain, introduce legislation and support programmes to address gender violence.
- In the case of the Italy government, invest money in early childhood education as well as daycare programs.
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| Capping top executive to worker pay ratios |
- Encourage U.S companies to set a ratio requirement.
- Encourage India-based companies to set a cap.
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| Recommendations addressing healthcare Inequality |
| NGOs |
- Take active steps that help people deal with the determinants of health and well-being.
- Engage in long term strategic partnerships with the media to get their message across further but also that various national NGO’s join forces internationally as globalization has made income inequality a transnational issue as opposed to merely a national one.
- With regards to China, encourage the WHO or similar organizations to support the country including providing financial aid in order to increase medical facilities, or by sending volunteers to help in the field.
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| Governments |
- Take a tougher stance on intellectual property and strike a balance between what they are currently doing and what India is doing. In India if a medicine is considered critical to society by the government the government holds the right to withhold patent protection in order to ensure that medicine is available at a price which increases the benefit to society.
- Focus on economic growth in order for the market to redistribute income equitably.
- As for the Chinese Government, take action to refine the law related to health care for elder people.
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| Industry |
- Partner hospitals with NGOs in order to get the message across to the public and benefit from each other’s expertise.
- In the case of health insurance companies, remove companies and look for other mechanisms to manage moral hazard issues.
- Encourage pharmaceutical companies to adopt a market role due to their ability to set prices at levels they see appropriate.
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| Inequality and economic growth |
| Governments |
- Introduce national micro-finance programmes.
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| Industry |
- In the case of global supply chains, introduce the following 4 steps: voluntary auditing; operational transparency; Provide maximum value as an investment; Remove obstacles to joining the high-skilled labor market.
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