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  • Tiny Loans Stimulate the Appetite for More, by Betsy Cummings

    It used to be that a $50 microloan to start an embroidery kiosk or other modest enterprise was a gateway out of poverty for women in poor countries. Now, some of them are telling aid groups that that is no longer enough. Rather, they want serious money - in some cases, several thousand dollars - to build small businesses, hire employees and establish themselves in a developing marketplace. After almost three decades, the microloan movement has created a global network o...

    Source
    The New York Times
  • Poverty tops Davos summit agenda

    Earlier this year I entered for the first time a favela (slum) in Brazil, and I have to say I was really moved,’ pharmaceutical chief Daniel Vasella, a co-chairman of the Forum’s 2005 annual meeting, said. Vasella - who heads Novartis, the Swiss-based pharmaceutical giant that has enjoyed eight consecutive years of record multi-billion dollar earnings - opted to argue the case for ’the three billion people who still live on less than $2 a day. ...

    Source
    Aljazeera.Net
  • Q&A: World poverty:

    Peter Mandelson, Jeffrey Sachs and Barbara Stocking on whether the world is taking poverty seriously enough Jeffrey Sachs: Business makes trade and I believe the contribution that the private sector and large multi-national companies make to the world are largely positive. But anti-globalisation groups are right to point at shortfalls in the current system. We need to work to shape the rules of the game to provide for a balanced situation where trade ? and the infl...

    Source
    Times Online
  • Putting Global Concerns to a Vote, by John Rossant

    In the end, the results were surprising for a group whose largest single component is businessmen. The ’winner’ was ’poverty’ -- 64.4% of the participants in Davos seem to think global poverty is the top issue world leaders must tackle. It was followed closely by ’equitable globalization,’ though there were multiple views on what that meant exactly. Full article available ...

    Source
    BusinessWeek
  • Are you ready for Globalisation 2.0?, by Tim Weber

    In Nigeria, the average mobile phone generates $55 (?29.15) in revenue every month. In Rwanda and Mozambique, two of the world’s poorest nations, it is $20 (?10.60). It’s not that Africans are mobile phone crazy. Rather, many phone owners make money by reselling airtime to their local communities. Full article available here. ...

    Source
    BBC News
    Region
    Sub-Saharan Africa
  • Davos: Stars, Snow, and Seminars

    Celebs and business luminaries discuss social change at the World Economic Forum, which has a key theme of reaching poor consumers While it’s all too easy to poke fun at the ’celeb-ness’ of Davos, Gere, Jolie, and Stone will be joining the likes of Microsoft co-founder Bill Gates and C.K. Prahalad, University of Michigan professor of business administration, in serious discussions of how best to promote economic growth and development in Africa, South ...

    Source
    BusinessWeek
  • Microcredit a ’Practical’ Way to Fight Poverty, by Mar?a Vega

    Of the wide range of strategies identified for combating world poverty, the promotion of microcredits -- and other forms of financing for people with limited resources in developing countries -- has proven to be a highly effective tool, say experts from international agencies. In fact, the success of these initiatives has led the United Nations to designate 2005 as the International Year of Microcredit. Full articl...

    Source
    IPS
  • World’s Fastest Growing Wireless Market Provides Lessons about ARPU for Developing Countries

    India’s wireless market is a test bed for alternative infrastructure, handsets, billing systems, business models and marketing strategies that will likely prove applicable to other developing countries. Full news release available here. ...

    Source
    PRNewswire
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