Social economy and social innovation contribute to create more inclusive, creative and sustainable societies and economies. How? By providing innovative solutions to improve the quality of life and wellbeing of individuals, communities and places while addressing socio-economic and environmental challenges, including those emerging with the COVID-19 pandemic crisis.
Tackling informality with the social economy
The OECD is working with Colombia to explore how the social economy can help transition workers from unprotected jobs to formal employment.
Social economy organisations put social and environmental concerns at the heart of their business model, prioritising social impact over profit maximisation. Social impact measurement can help assess this impact and its social value.