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The inclusive business case for governments
UNESCAP
2025.12.24
Governments around the world are facing critical challenges. In emerging economies, growing populations and inequality highlight the need for an inclusive growth approach that leaves no one behind and enables people to have access to goods, services and economic opportunities that allow them to meet their basic needs and fulfil their potential as human beings. As of 2023, more than 23 per cent of the world’s population lives on less than USD 3.65 per day, and 45.9 per cent live on less than USD 6.85 a day.1 The COVID-19 pandemic has reversed progress in poverty reduction across developing countries in Asia and the Pacific. In 2022, adverse impacts including falling incomes, remittances and consumption, have driven nearly 90 million people into extreme poverty (less than USD 1.90 per day). An additional 150 million individuals now live on less than USD 3.20 per day, and 170 million on USD 5.50 a day. This report makes the case for governments to support inclusive business as a private sector approach to reduce inequality, alleviate poverty and strengthen economic development along the following lines: Chapter 1 establishes the benefits of inclusive business. It features examples of companies contributing to poverty reduction and to improving the access of low-income people to basic goods and services, as well as to innovation and entrepreneurial opportunities. Chapter 2 argues that although profitable business models exist, the market conditions are often challenging. Incentives and support by the government can attract more players into the market and enable existing businesses to increase their reach and impact. Chapter 3 discusses the measures governments can take to promote inclusive businesses, and provides examples from ASEAN Member States. Chapter 4 shows how governments can get ready to support inclusive business by creating awareness, building skills and leveraging networks.