Business case for children's rights
Tanzania Vision 2025 aims to transform the country from a low-income, agriculture-based economy to an industrialized middle-income country. The sustained pace of economic growth of 7 per cent over a period of time and a GDP$ 47.43 billion (World Bank, 2016) suggest that a deep transformation of the economy is taking place. Furthermore, the private sector plays a key role in driving this vision to realization.
Businesses have a responsability to respect children's rights. With this responsability comes the opportunity to be powerful advocates and supporters of children's rights through core business principles.
Children are key stakeholders of businesses, as:
- Family members of employees
- Future employees
- Future business leaders
- Key members of communities and environments in which businesses operate
Businesses can gain by supporting children’s rights:
- Improve the productivity of employees
- Build the next generation of talented employees and consumer base
- Contribute to a stable and sustainable business environment
- Help build brand identity
- Support government commitments and obligations
Businesses are key actors in Tanzania's advancement
Respecting and supporting child rights not only maximizes the positive contributions businesses can make to Tanzanian society, but also results in business sustainability and success. As Tanzania moves towards realizing its vision of an industrialized middle-income country, business should work together, inspire each other and aim to create a corporate culture that supports responsible wealth creation and nurtures the workers of the future.