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Understanding, Reimagining, and Acting: Building Cross-Sector Strategies for Inclusive Economies

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The COVID-19 pandemic has further exposed the vast differences in economic stability and access to resources between people, both across countries and within cities, in a way that will be difficult for existing economic and political models to defend. There is a need to reimagine existing economic models to address worsening inequality — amid the crisis while growth is low or negative, and as countries and industries rebuild. While many changemakers acknowledge the importance of upward economic mobility, there is little consensus regarding how to define, measure, and create the conditions for an inclusive economy in the various stages of the business cycle.

In this session, we will explore the latest efforts to create a functional definition and action-oriented framework for understanding inclusive economies in the U.S. and global context. Specifically, we will explore:

  • An academically rigorous definition of “inclusive economy” that can be used to inform research and programs
  • A clear vision of what a society with an inclusive economy looks like, including what this means for the prosperity of individuals and families across global environments
  • Specific calls to actions for private, public and social sector actors at a local, national, and global level
  • Recent case studies and research insights from cities, regions, and countries that demonstrate the possibility of creating a truly inclusive economy

This session will provide private sector leaders, public servants, philanthropies and policymakers with more than just a shared vocabulary – it will help unify often-disconnected organizations around a shared understanding of what an inclusive economy looks like and point changemakers towards new ways of thinking and acting to spur economic growth, community revitalization, and wealth creation.

Confirmed Panelists

The two following individuals can be confirmed to moderate and/or speak in the session.

Kevval Hanna | Centre for Public Impact, Program Leader for Economic Mobility

Kevval leads CPI’s Economic Mobility work in North America, bringing over 10 years of experience working in social impact, philanthropy, economic development and partnerships to drive innovation and to change people’s lives. She is an experienced strategist, passionate about the collaborative power of the public, private and social sectors. Presently, Kevval is the project manager for the CPI / Mastercard Center for Inclusive Growth project to create An Action-Oriented Framework for an Inclusive Economy.

Prior to CPI, Kevval led cross-sectorial partnerships at Population Services International (PSI) to reimagine the future of global health and to translate those ideas into reality. Kevval started her career with the World Bank Group where she led economic development initiatives, advised governments, managed social investments and championed social sector policies.

Dan VogelCentre for Public Impact, North America Director

Dan leads CPI’s work in North America, bringing 15 years of experience working with private, public, and non-profit organisations to drive public impact and social innovation. Dan is a former BCG Principal specialising in organisational strategy and large-scale change. He started his career at The White House as a writer and policy advisor to President George W. Bush and has also worked on Katrina rebuilding, healthcare reform, and economic development in Rwanda.

Unconfirmed Panelists

The following individuals have not yet been confirmed but have a high likelihood of speaking in the session if approached. Overall, we aim to comprise the session of individuals that can represent viewpoints from the public, private, and social sectors. As we continue our work with Mastercard Center for Inclusive Growth on developing an action-oriented framework for an inclusive economy, we will be engaging with a wide variety of subject matter experts from across sectors. We will approach those individuals who we believe will best allow us to comprise a balanced panel that brings together diverse backgrounds, expertise, and viewpoints.

Michael FromanMastercard Center for Inclusive Growth, Chairman

Mike Froman serves as vice chairman and president, Strategic Growth for Mastercard. In that role he is responsible for growing strategic partnerships, scaling new business opportunities, and advancing the company’s efforts to partner with governments and other institutions to address major societal and economic issues. He and his team drive financial inclusion and inclusive growth efforts and work to develop new businesses key to the company’s strategic growth.

Mike oversees the Mastercard Center for Inclusive Growth and is a member of the company’s management committee.  Prior to joining Mastercard, Mike was affiliated with the Council on Foreign Relations and continues to serve as a distinguished fellow. From 2013 to 2017, Mike served as the U.S. Trade Representative, President Barack Obama’s principal advisor and negotiator on international trade and investment issues. During his tenure, Mike worked to open foreign markets for U.S. goods and services, reach landmark trade agreements and enforce the rights of American workers, farmers and firms.

Daniel Barker | Mastercard Center for Inclusive Growth, Director of Research and Knowledge

Dan joins Mastercard from BlackRock, where he was Vice President for Social Impact, leading development of the firm’s global grant making strategy focusing on financial inclusion and workforce development.

Prior to joining BlackRock, Daniel was a management consultant at Deloitte where he advised corporate, multilateral, and nonprofit clients on social impact strategy. Before Deloitte, Dan began his career as a researcher at the Council on Foreign Relations and also managed a number of public-private partnerships and policy initiatives focused on advancing economic development at Earth Institute.

Arturo Franco | Mastercard Center for Inclusive Growth, Vice President of Data & Insights

Arturo Franco is a development economist and strategy consultant. His career combines high-level positions in Fortune 500 corporations and global organizations, with public policy and international development experience.

Before joining Mastercard, Arturo was a senior advisor for McKinsey & Company’s global public and social policy practice and executive director of the Planning Council of the State of Nuevo Leon, where he also served as Undersecretary. Over the past years, Arturo has been Global Leadership Fellow for Latin America at the World Economic Forum, economics research fellow at Harvard University’s Center for International Development, nonresident senior fellow at the Atlantic Council and is a member of the International Institute for Strategic Studies.

Otis Rolley | The Rockefeller Foundation, Senior Vice President of U.S. Equity and Economic Opportunity Initiative

Otis Rolley joined The Rockefeller Foundation in 2019. Immediately prior to joining the Foundation, Otis served as a North America Managing Director for 100 Resilient Cities, an initiative of the Foundation. There he provided urban resilience technical assistance and portfolio management for 29 cities throughout the U.S. and Canada. Prior to his work at 100RC, Otis served as CEO of Newark, New Jersey’s economic development corporation.

A true urbanist, Otis’s career has been dedicated toward advancing economic and community development in cities, leading organizations in the for-profit and non-profit private sectors. His 20 years of experience also includes serving in various leadership positions in the public sector. He has held cabinet roles with 5 different mayors in three large U.S. cities. He has been a chief of staff managing a $2 billion budget; city planning director for America’s largest independent city; and he has served as the first deputy housing commissioner for the 5th largest public housing and community development agency in the U.S.

Otis has a Masters in City Planning from the Massachusetts Institute of Technology and graduated with honors with a Bachelor of Arts degree from Rutgers University.

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  1. Cross-sectoral efforts to build a more inclusive economy are vital. I was involved in a cross-sectoral initiative called the Inclusive Economy Partnership, initiated by the Cabinet Office in the UK (https://www.inclusiveeconomypartnership.gov.uk/) and would be really interested to hear how a similar approach might be applied in the US.

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