An estimated 2.5 billion adults do not have access to banks. Unsurprisingly, they are among the world’s most destitute: According to a report released by the World Bank and other development groups, about three out of four adults living on less than $2 a day, from farmers in Tanzania to slum-dwellers in India to seamstresses […]
Investment
What Happens When Everyone Is a Chinese Stock Market Genius
A customer strolls into a bookstore, goes the popular Chinese joke, and tells the salesperson: “I’m looking for a book with no killers, but much bloodshed; with no love, but great regret; with no spies, but constant paranoia. Can you make a recommendation?” Just one, the salesperson replies: The State of the Chinese Stock Market. […]
What is the Role for the Private Sector in International Development?
A recent survey of over 1,300 development professionals by Devex.com found that 91% see business as a positive force in socio-economic development of poor countries. 81% think increasing private sector involvement in global development is ‘very important’. Clearly business is no longer seen as “part of the problem” as it once was – not too […]