What is it about?
This chapter provides common definitions for the concepts that we will be discussing and applying in our six chapters. Those definitions will help create a shared understanding of what we mean by Big Finance and Big Technology, and the emerging social finance movement within them. They will also help us to recognize the Wicked Problems inherent in the United Nations 2030 Sustainable Development Goals (SDGs), and what makes them “wicked.”
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Why is it important?
Unintended consequences and taking responsibility for mistakes as social investors is essential. Wicked Problems will be with us forever, social investors will struggle and fall. Adaptation is essential. One of the ways to anticipate negative and positive outcomes is to understand the systemic nature of a problem.
Perspectives
The growth and development of Big Finance and Big Tech have created bright new opportunities to support positive social change. However, there is also a dark side to technology and the Fourth Industrial Revolution that is inhabited by rising inequality, fractured social and political institutions and accelerating climate change. The Wicked Problems framework offers leaders an approach to tackle the greatest challenges facing the most vulnerable people and our planet.
Prof. Robert M Yawson, PhD
Quinnipiac University
Read the Original
This page is a summary of: Big Finance, Big Technology, Wicked Problems, and the World’s Poor, January 2020, Springer Science + Business Media,
DOI: 10.1007/978-3-030-40712-4_1.
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