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Penny-wise
It isn?t altruism that inspires companies to make these investments; it?s the prospect of profit. The profit motive, indecorous though it may seem, may represent the best chance the poor have to reap some of globalization?s benefits. Through the years, the poor have received assistance from innumerable government agencies and nonprofit organizations, and they?ve been an exploitable labor source, but they have almost never been treated simply as customers. ...
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- The New Yorker
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CMU project envisions computers even the poorest Third World farmer could use
That includes the residents of the small farming village in southern India where he grew up and those of thousands of villages like it. It includes the 4 billion people who live on annual incomes of less than $2,000 a year. And it includes people who can’t read or write. For more than a decade, Reddy, former dean of computer science at Carnegie Mellon University, has been pondering how the developing world could make greater use of today’s information and telecommunications technol...
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- Pittsburgh Post-Gazette
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Nyakrom rural bank launches new scheme
The Bank had disbursed about 5 billion cedis to women’s groups at Agona Swedru, Nyakrom, Odoben and Bobikuma, adding that, there were plans to extend the facility to other areas. He said the scheme had become necessary to meet the growing demand of customers and stated that the Bank was striving hard to increase deposit and profit margin to offer more facilities to its customers. ...
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- Ghana News Agency
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The poor offer a rich business opportunity
The poor are clearly a business opportunity for any sector, including banks, speakers at a session on agriculture and micro-financing at the Federation of Indian Chambers of Commerce and Industry conference on ’Global banking: paradigm shift’ said on Wednesday. R V Shastri, chairman and managing director, Canara Bank, said, ’Financing self-help groups has proved beyond doubt that the poor are bankable. While the concept has established itself as a collateral substitute, it has...
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- Business Standard
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Cell Phone Standards In Global Showdown
Developing countries are playing a more important role in the prospects of cellular gear makers. The No. 1 GSM handset maker Nokia on Thursday boosted both its revenue guidance and forecast for phones shipped during the third quarter, thanks partly to share gains in emerging markets. Telecom gear makers are lining up to supply developing markets. In the last year, Ericsson and Nokia announced new lines of low-cost GSM gear. Nortel recently said it too will focus more on developing markets...
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- Investor’s Business Daily
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Global Players See Great Opportunity for Retail Banking in Emerging Economies
The number of ’bankable’ households with disposable income of more than $10,000 per year is expected to grow from 112 million to 122 million in the United States by 2008, Maughan said. Internationally, the number of bankable households is expected to grow from 349 million to 415 million in the same period. ’You get a chance like this once in a generation,’ he told analysts. ...
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- Knowledge@Wharton
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Its strategy for creating a ubiquitous wireless market stresses emerging countries — and rock-botto
While Nokia will certainly benefit from dramatic growth in the mobile market, the emerging economies of the countries it’s targeting stand to benefit as well. Studies consistently find a strong link between teledensity -- the penetration of phone service -- and economic growth. For poor people, especially those in rural areas who are unlikely to get wired anytime soon, mobile service can shorten distances, open up new business opportunities, and even improve health care.&qu...
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- BusinessWeek
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Rethinking marketing in emerging markets
While adopting a different marketing model for a single emerging market may be perceived as problematic due to the high cost of adaptation, our research shows that market characteristics are common enough across emerging markets to justify constructing an ’emerging market strategy’. We began constructing this strategy first by interviewing managers at firms such as Cadbury’s, Coca-Cola, Nestl??, South African Breweries, Unilever and United Phosphorous about their experiences i...
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- Business Standard
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