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Decision-makers are increasingly called on to improve existing policies to reduce racial/ethnic disparities and ensure all have a fair chance at health. In this presentation given at NOPREN (Nutrition and Obesity Policy, Research and Evaluation Network), Dolores Acevedo-Garcia and Pam Joshi introduce the Policy Equity Assessment, a framework that combines policy assessment and equity methods to synthesize existing research and identify and conduct new analyses of policies' ability to reduce racial/ethnic inequities.
Striving for racial equity -- a world where race is no longer a factor in the distribution of opportunity -- is a matter of social justice. But moving toward racial equity can generate significant economic returns as well. When people face barriers to achieving their full potential, the loss of talent, creativity, energy, and productivity is a burden not only for those disadvantaged, but for communities, businesses, governments, and the economy as a whole. Initial research on the magnitude of this burden in the United States (U.S.), as highlighted in this brief, reveals impacts in the trillions of dollars in lost earnings, avoidable public expenditures, and lost economic output.
Altarum Institute and the W.K. Kellogg Foundation (WKKF) released a report detailing the economic impact of racism, and the benefits of advancing racial equity as the demography of our nation continues to evolve.