Fortune

THE BUSINESS OF HUMANITY

Many of the world’s most prominent corporate and nonprofit leaders gathered with Pope Francis for this year’s Fortune + Time Global Forum. Their aim? Forging a new social compact.
His Holiness Pope Francis welcomes Global Forum delegates at the Vatican’s Clementine Hall.

BILLIONS OF PEOPLE in the world are shut out. They have no membership in the financial institutions of life that allow those in richer nations to save, invest, borrow, build, and trade freely. Tens of millions of people, a huge share of them children, have been left stateless by war and poverty; many more live lives of subsistence in remote or rural regions of the world. As transformative as the Internet, mobile payment systems, and microlending have been in bringing many of the “unbanked” into the global economy and in lifting standards of living, too many people still have little or no access to the systems that have brought prosperity to the developed world.

On Dec. 2, nearly 150 of the globe’s most prominent leaders in business,

You're reading a preview, sign up to read more.

More from Fortune

Fortune4 min read
It Is Time for a Futures Market in Health Care
FINANCIAL FUTURES were created in the 1970s at a time of very high interest rates and inflation. Those economic ills were cured by the mid-1980s. Oil futures were created in the early 1980s at a time of shortages and volatile prices. The oil market s
Fortune14 min read
Fertility Inc.
SPERM AND EGGS have invaded the Pennsylvania Convention Center. At one end of the hall, a giant sperm poised to fertilize an ovum the size of a small weather balloon rotates above a booth marketing egg banking services. Nearby, an enormous mobile com
Fortune3 min readPolitics
Understanding the Election as Brand Marketing
BUSINESS. DISTILLED. WHY DID VIRTUALLY every top pollster and pundit get the 2016 election screamingly wrong? On election eve, the New York Times analytical unit and the PredictWise prediction market aggregator showed Hillary Clinton winning by wide