Dambisa Moyo, Columnist

Four Ways Global Corporations Can Confront Inequality

Ensuring a shared recovery is in their long-term best interests.

April 23, 2021 at 10:00 AM UTC

Dambisa Moyo is a global economist who has served on the boards of corporations including 3M, Chevron and Barclays. She is the author of “How Boards Work: And How They Can Work Better in a Chaotic World.”

Inequality is bad for business.
Photographer: Spencer Platt/Getty Images

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Much of the developed world is looking forward to a strong economic recovery, as vaccinations allow life to get back to something resembling normal. Yet there’s a great risk that large swaths of the population won’t share in the gains, leaving the gap between rich and poor even larger than it was before the pandemic hit.

Global corporations must recognize the threat to society — and to their own businesses — that such an outcome would present, and do their part to address it.