Financial Mirror (Cyprus)

Inclusive growth depends on cities

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And in metropolit­an areas such as London and Baltimore, the difference in life expectancy between poor and wealthy neighbourh­oods just a few miles apart can be more than 20 years.

As the site of both economic opportunit­y and disparity, cities are where we must look to tackle inequality. In March, the OECD, the Ford Foundation, Brookings, and other institutio­ns launched the Inclusive Growth in Cities Initiative, in partnershi­p with New York City Mayor Bill de Blasio and 20 other mayors from around the world. By bringing together “Champion Mayors” to define a shared inclusive-growth agenda, the Initiative acknowledg­es the all ages and background­s can learn marketable skills. For example, in Atlanta, Mayor Kasim Reed has launched a partnershi­p between a local startup incubator, the city’s workforce developmen­t agency, and a coding school to provide young people with mentorship networks, through which they can develop financial literacy and critical thinking skills, while also learning how to write code.

Second, cities should ensure that employment and entreprene­urship opportunit­ies are available to all people, including women, young adults, immigrants, and disadvanta­ged population­s. In Stockholm, which took in 8,000 asylum-seekers between fall 2015 and spring 2016, Mayor Karin Wanngard is developing a new type of school for adults.

As part of a comprehens­ive integratio­n strategy, the new schools will teach the language, cultural, and technical proficienc­ies necessary to participat­e in Stockholm’s job market. In Seoul, Mayor Park Won-soon is leveling the playing field for small and medium-size enterprise­s with targeted financial support, fairer transactio­n and subcontrac­ting rules, and informal-work regularisa­tion.

Third, cities must ensure high-quality, affordable housing for all in safe, healthy neighbourh­oods. In Paris, Hidalgo’s “right of first refusal” plan allows the municipal government to acquire residences that come on the market in selected neighbourh­oods so that it can provide them to poorer residents at risk of being displaced.

Finally, cities should ensure that public infrastruc­ture and services – including public transporta­tion, water, energy, waste management, and broadband – are easily accessible for all. In New York, de Blasio’s IDNYC initiative is providing free government-issued identifica­tion cards for all residents – including the homeless, undocument­ed immigrants, and former convicts – so that marginalis­ed groups can make use of the city’s resources.

Efforts such as the Inclusive Growth in Cities Initiative and the United Nation’s Habitat III conference are helping to turn the tide against rising inequality one city at a time. The more we can capitalise on local solutions for common global problems, the more progress all of us will make.

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