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GE Pins Hopes on Emerging Markets
Strategy Is Major Shift From Reliance on the West; Big Rivals Echo Approach, by Kathryn Kranhold General Electric Co. expects to get as much as 60% of its revenue growth from developing countries over the next decade, Chairman and Chief Executive Jeffrey Immelt said in the company’s annual report. After nearly four years of reshaping the company through $60 billion in acquisitions of financing, water treatment, security systems, bioscience businesses and a movi...
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- The Wall Street Journal
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Drought ends for Africa’s ’unbankable’, by Andrew England
Juma Tegu Musafiri, managing director, chairman and founder of Buge Fruits 2000, is a man with big dreams. Sitting outside his home in rural Uganda he describes his ambitious plans to expand his company by developing a domestic market for his dried fruit, accessing regional markets and eventually setting up export lines to Europe and beyond. ...
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- The Financial Times
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A wave of innovation is yielding high-quality goods that India’s poor can afford
This quest for the best for the least could amplify India’s impact on the global economy. ’Future innovations will flow from the rise of capital-scarce but labor-abundant nations like India and China,’ says Diana Farrell, director of San Francisco’s McKinsey Global Institute. Already, Indian companies are eyeing markets in Asia, the Middle East, Africa, and Latin America. It remains to be seen, of course, how many of these goods and services find their place in Europe and t...
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- BusinessWeek
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Microsoft has chosen India as the fifth destination for a low-cost version of Windows
The Redmond, Wash.-based software giant on Wednesday announced a yearlong pilot program to start shipping Windows XP Starter Edition to India in early 2005. Earlier this week, the company made a similar move in Russia, while plans for Thailand, Indonesia and Malaysia were confirmed in August, as part of the software maker’s plan to gain market share in developing nations. ...
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- CNET News.com
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Commentary: Will a snack do for India what software can’t?
Sawant is one of 40,000 Indian women who are defying poverty by working for and jointly owning Lijjat, which has a $66 million global market, including Singapore, London and New York. Run by a self-help group that shares profit among its all-female members, Lijjat is doing for India what the booming software industry can’t: provide the tools of economic improvement to those without formal education. Read f...
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- Bloomberg
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Tiny Loans, High Finance
This kind of small-lot lending to the impoverished has been around since the 1980s. Time and again it has been proved that just $50 can make a huge difference for an entrepreneurial villager, who can build a business around a new cow, a sewing machine, or a chicken coop. Development economists have also long remarked on the near-zero default rates of these credits. Read full article here. ...
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- BusinessWeek
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With affluent markets maturing, tech’s next 1 billion customers will be Chinese, Indian, Brazilian,
Tech companies are scrambling to cash in on what they hope will be the next great growth wave. Led by China , India , Russia , and Brazil , emerging markets are expected to see tech sales surge 11% per year over the next half decade, to $230 billion, according to IDC. What makes these markets so appealing is not just the poor, but also the growing ranks of the middle-class consumers. Already, there are 60 million in China and 200 million in India , and their numbers are growing fast."...
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- BusinessWeek International Cover Story
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Sarbuland Khan talks about how the U.N. is helping developing nations use info tech to stimulate the
Sarbuland Khan is the Executive Coordinator of the U.N. Information & Communications Technologies Task Force. His organization has the goal of helping to spread information technologies into emerging economies to foster economic development. He recently spoke to BusinessWeek Senior Editor Steve Hamm about how technology -- applied correctly -- can make the difference between poverty and prosperity. Read ful...
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- BusinessWeek Online Extra
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