WEF – The Future of the Care Economy, 2024

The white paper from WEF's Global Future Council on the Care Economy reviews the challenges and opportunities in the care economy, calling for leaders to prioritize care as an economic focus. It highlights the value of care, explores strategies for improving care systems, and points out inequities in current systems. The paper identifies trends in demographic transformation, employment, and skilling that emphasize care's importance for prosperity and growth. A framework is presented for collaborative efforts to improve the care economy, focusing on relationships within care networks and design principles for robust systems. The paper also showcases promising practices that demonstrate how existing models can be scaled and transformed to enhance care organizations, economies, and societies through stakeholder collaboration, policy solutions, technological innovation, and attitude shifts towards care.