Economic Development

///Economic Development

Income Inequality, Robots and a Path to a Fairer Society – Knowledge@Wharton

Earlier this year, Oxfam reported that the world’s eight richest people control roughly the same amount of wealth as the bottom half of the world’s population. Around the same time, the World Economic Forum identified income inequality as the most challenging problem the world faces today. It is an issue that has been discussed for

The robot that takes your job should pay taxes, says Bill Gates

Robots are taking human jobs. But Bill Gates believes that governments should tax companies’ use of them, as a way to at least temporarily slow the spread of automation and to fund other types of employment. It’s a striking position from the world’s richest man and a self-described techno-optimist who co-founded Microsoft, one of the

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Create a Business That Inspires Change (in the World and in Your Pocket)

Social responsibility has fortunately gone from the realm of corporate communications to business operations: It can no longer be faked. The best businesses are those that have built sustainability into the core of their business models and are using their people to create passion for their mission with consumers. AeroFarms, which grows nutritious leafy greens and

Empowering women to overcome the continued existence of the glass ceiling

The "glass ceiling" is simply a label for the barrier that often keeps women from rising to the upper rungs of power across the U.S., regardless of their qualifications or achievements. The term was first used in the media in the late 1970s. Today the glass ceiling reflects the gaps in pay, retirement savings and

Proof that life is getting better for humanity, in 5 charts –

A short-term perspective means we forget how much progress has been made in reducing poverty and mortality rates — and in much else. A recent survey asked, “All things considered, do you think the world is getting better or worse, or neither getting better nor worse?” In Sweden, 10 percent thought things are getting better,

Global internet inclusion could lift 500 million people out of poverty

Global internet inclusion could lift 500 million out of poverty and increase global economic activity by $6.7 trillion, according to a report. Connecting the 4.1 billion people currently outside the digital economy will be no easy feat however, as prohibitive costs and barriers from a range of factors would need to be overcome. The internet

Turning Kenyan safaris into economic development hubs

In East Africa, native tour guides have formed an organization that is transforming the future of African wildlife and Kenyan safari travel. Maasailand is the heart of a billion-dollar tourism industry on which the Kenyan government relies and which directly employs over 100,000 people a year. The Maasai Mara Game Reserve alone hosts one-fifth of

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Commodity price falls mean poorest countries miss UN poverty goals

Hopes that half of the world’s 48 least developed nations could emerge from extreme poverty by the end of the decade have been dashed after a UN body reported the weakest year of growth in more than 20 years. The UN conference on trade and development (Unctad) said plunging commodity prices had hit the group

Shaping Social Impact Education Through Collective Wisdom

When the Skoll Centre for Social Entrepreneurship was founded at Oxford’s Saïd Business School in 2003, it was one of the first business-school centers of its kind, leading the way in Europe. The students who received Skoll Scholarships for their social impact-focused track records were anomalies in classrooms filled with hopeful consultants, bankers, and accountants.

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Digital finance set to open opportunities in Africa

Earlier this year, the World Bank highlighted digital finance as having the capacity to contribute to reaching the goal of universal access to financial services by 2020. About 2-billion adults across the world do not have access to formal financial services. In sub-Saharan Africa, about 30% of the population has a bank account, a low figure

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Single women with personal wealth more likely to become entrepreneurs than men

A new economic study by the University of Stirling and Royal Holloway, University of London, has found evidence that there is a big difference in cash flow problems faced by men and women in the UK. They found single women face more severe constraints to their incomings and outgoings, but that those single women whose

Three Ways Businesses Can Boost Sustainable Development

What does a procurement manager in Managua have to do with the Sustainable Development Goals (SDGs)? Or a Kenyan farmer’s mobile-phone plan with the World Economic Forum’s development discussions? When it comes to long-term development solutions – well, everything. Given the increasing involvement of the private sector in developing countries, ordinary aspects of doing business

Nigeria: Growing a Sustainable Economy Through SMEs

Hundreds of small businesses in Africa fold up within their first year of operation, according to empirical studies, a situation that has spurned enormous research to unravel the causes, and to proffer appropriate solutions. The major cause, said Ethel Nyembe, Head of Small Enterprise at Standard Bank, is poor forward planning and lack of attention

Foresight Africa 2016: Banking on agriculture for Africa’s future

As countries across sub-Saharan Africa grapple with the challenges of sustaining high levels of economic growth, plunging commodity prices, and the effects of climate change, revitalizing agriculture must become a priority on the continent. The latest World Bank report warns that anemic recovery in emerging markets will weigh heavily on global growth prospects.  Its 2016

Logistics is key to economic growth; here’s why ‘Make in India’ also requires ‘Move in India’ push

Logistics forms the backbone of domestic and international trade in any economy and is a critical factor for competitiveness. Besides providing employment and movement of goods, an efficient logistical network enables increases in the speed of doing business. A pertinent question is how does one measure the logistics performance of a country and compare it