Solving the world's problems

Violent political conflict and climate change threaten us all. Governments and international bodies have failed to respond in any meaningful way. They continue to fund activities and institutions that are only tenuously linked to social and environmental goals. Social Policy Bonds are a new financial instrument that could revolutionise policymaking. By issuing them, governments and the private sector could inextricably tie rewards to outcomes, and inject market incentives into the achievement of such universally desired goals as world peace and climate stability. Ronnie Horesh’s Social Policy Bond concept has been praised by distinguished economists. He has spoken about it in such forum as the Organisation for Economic Co-operation and Development (OECD), Cambridge University and think tanks in the United Kingdom, Australia and New Zealand.