Economic Development

Sustainable and progressive economic development is essential to global change, wealth creation, global education, and gender empowerment. The globalisation of the economy and global economic development has created great wealth and opportunity, resulted in the rise of emerging economies across Latin America, Africa, and Asia but in many parts of the world and society it has increased inequality and poverty.

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As the global economy continues to change after the effects of the 2008 financial crash and the 2020 economic crisis, there is a huge opportunity for global change.

Sustainable economic growth remains the most powerful instrument for reducing poverty and improving the quality of life in developing countries. Both cross-country research and country case studies provide overwhelming evidence that rapid and sustained growth is critical to making faster progress towards global goals.

Red Sea works with not-for-profit organisations, philanthropists, foundations and trusts, public and private sector organisations and international organisations to identify the leadership they need to address these development issues and ensure a positive impact on societies.

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Saving our planet, lifting people out of poverty, advancing economic growth… these are one and the same fight. We must connect the dots between climate change, water scarcity, energy shortages, global health, food security and women’s empowerment. Solutions to one problem must be solutions for all.

Ban Ki-moon’ UN Secretary-General 2007-2016

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Industry Insights

A Venture to Build Forward for Colombian Coffee Farmers

In the Wake of the Pandemic, Eradicating Poverty Requires Addressing Structural Inequalities The ongoing pandemic has effectively inhibited progress towards the goal of eradicating extreme poverty by 2030. To suppress

A Venture to Build Forward for Colombian Coffee Farmers

In the Wake of the Pandemic, Eradicating Poverty Requires Addressing Structural Inequalities The ongoing pandemic has effectively inhibited progress towards the goal of eradicating extreme poverty by 2030. To suppress

Improving Disaster Risk Reduction Requires International Partnerships and Collaboration

Human Activity Increases Vulnerability Towards Natural Disasters Human activity has undoubtedly increased our vulnerability to natural disasters. Besides adversely affecting the climate, human activity has also created a web-like structure

The Opportunity and Challenge to Redistribute US$650 Billion Worth of Special Drawing Reserves

A Rarely Used Financial Tool – How SDRs buffer Economic Global Crises On 23rd August 2021, the IMF issued a total of $650 billion of Special Drawing Reserves (SDRs) to