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  • Indian knowledge and skills promise a lot

    Harold Rosen believes in driving people towards accomplishing tasks they never dreamt about. He is a stranger to the places where he works, but is quick to find hands that connect him to local people and their dreams. Though many reading this would know him as the director of Grassroots Business Initiative (GBI) at International Finance Corporation, but for many who can?t read or write, he is a catalyst in turning their dreams into reality. Working with the World Bank Group since 1978, ...

    Source
    The Financial Express (link opens in a new window)
  • World Bank Study reveals $5 trillion market

    The poor have substantial purchasing power too ? purely because there are so many of them. The 4 billion people across the world, who stand at the base of the economic pyramid (BOP) have purchasing power of $5 trillion (Rs 2,25,00,000 crore) according to a new report released on Monday by the International Finance Corporation (IFC), the private sector arm of the World Bank. The report, The Next 4 Billion: Market Size and Business Strategy at the Base of the Pyramid, measures the purch...

    Source
    The Hindustan Times (link opens in a new window)
    Region
    South Asia
  • Four Billion Poor People Have $5 Trillion Purchasing Power

    According to the report, the Bottom of Pyramid (BOP) market is $429 billion in Africa, which represents 71% of aggregate purchasing power in the region. The African BOP includes 486 million people, 95% of the region’s surveyed population. Tagged, ’The Next 4 Billion: Market Size and Business Strategy at the Base of the Pyramid’, the analysis is complemented by an overview of business strategies from successful enterprises operating in these markets. A new report r...

    Source
    This Day (Lagos) (link opens in a new window)
  • Business Setting Sights on Low-Income Market

    BUSINESS interest in low-income Filipinos comprising the so-called base of the economic pyramid (BOP) is on the rise, according to a new report by the International Finance Corp. (IFC) and the World Resources Institute. Comprising 30 percent of the Philippine population, the BOP market spends its money largely on mobile phones, pharmaceutical products, and information and communication technology, the report titled ?The Next Four Billion: Market Size and Business Strategy at the Base ...

    Source
    The Manila Times (link opens in a new window)
  • Low-income groups form a $5 trillion consumer market

    Four billion people form the base of the economic pyramid (BOP) ? those with incomes below $3,000. Yet together they have substantial purchasing power as BOP constitutes a $5 trillion global consumer market. This was stated in World Bank?s report released Monday titled ?The Next 4 Billion?. The data compiled by the bank reveals that BOP population, though made up of very low income groups, is the largest consumers in food, transport, health, energy and water sectors in their economies...

    Source
    The News (Pakistan) (link opens in a new window)
  • Never Too Poor to Spend?

    The World Bank is encouraging foreign investors and businesspeople to start pursuing the world’s four billion poor people as a potentially lucrative market worth five trillion dollars, much bigger than previously thought. Total annual household income of five trillion dollars a year establishes the BOP (Base of the Pyramid) as a potentially important global market, the Bank says in a new report, jointly authored by the Washington-based World Resources Institute (WRI).

    Source
    Inter Press Service (link opens in a new window)
  • Low-Income Venezuelans Amount to 85 Percent of Population

    While Venezuela is ranked among the Latin American and Caribbean countries with the largest revenues, 85 percent of its population lives in relative poverty, according to the report The Next 4 Billion: Market Size and Business Strategy at the Base of the Pyramid, prepared by the World Bank and the World Resources Institute and released on March 19th. The report, based on income data from 110 countries, focuses on the 4 billion people worldwide earning less than USD 3,000 p...

    Source
    El Universal (link opens in a new window)
  • World’s Poorest Represent $5 Trillion Market Opportunity, Report Says

    The poorest 4 billion people in the world represent a US$5 trillion market, according to a new report from the International Finance Corporation and the World Resources Institute. The study is the first comprehensive, data-based assessment of the size and needs of people at the ?base? of the economic pyramid. Although each person in this sector has less than $3,000 per year in local purchasing power, with innovative business practices companies can provide inexpensive, better-quality services fo...

    Source
    Worldwatch - Eye on Earth (link opens in a new window)
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