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This year must be devoted to helping the bottom billion of the world’s poorest to tap into global economic growth, Secretary General Ban Ki-moon told the United Nations Conference on Trade and Development (UNCTAD) today. In a globalizing world, we require an international economic environment that fosters development, Mr. Ban said to UNCTAD’s Executive Committee, which is gearing up for ...
Globalization Must Benefit Bottom Billion Of PoorBlog Post
The?article that appeared in The Washington Post last Sunday titled “Our Cells, Ourselves” talks extensively about the growth of cell phone technology. According to that article, we have on a global scale reached yet another tipping point. As Malcolm Gladwell might say, the cell...
The Cell Phone: Building a Global Community One Ring at a TimeBlog Post
In the several days since the news that Yunus’ microfinance movement would be coming to the U.S., I’ve had some time to consider what this says about how we treat the BoP institutionally. To me, the fact that Yunus’ forays in NYC are seen as so newsworthy illustrates the “us...
What About U.S.?Blog Post
Which banking models could be used to enable access to the BoP? A recent BCG publication, entitled “A Roadmap for Expanding Financial Inclusion in India,” tries to answer just that question for the Indian market.India has the second highest number of financially excluded households...
Financial Access for the BoP: Expanding Inclusion in IndiaNews
C.K. Prahalad, author of The Fortune at the Bottom of the Pyramid; Eradicating Poverty through Profit, has long championed the notion that business, rather than government hand-outs, represents the most effective solution to poverty. At the recent TiE Entrepreneurship Summit in New Delhi, Devi Prasad Shetty, chairman of Narayana Hrudayalaya, a pediatric heart hospital in Bangalore, offered an example of Prahalad’s principles at work in health care. The hospital operates a low-cos...
Connecting the Poor With World Class HealthcareNews
Mobile phones are frequently held up as a good example of technology’s ability to transform the fortunes of people in the developing world. In places with bad roads, few trains and parlous land lines, mobile phones substitute for travel, allow price data to be distributed more quickly and easily, enable traders to reach wider markets and generally make it easier to do business. The mobile phone is also a wonderful example of a ?leapfrog? technology: it has enabled developing countries to ski...
The Limits of LeapfroggingBlog Post
Talk about an exciting time to be involved with the BoP. Since the world?s wealthiest philanthropist Bill Gates gave his speech about “creative capitalism” in Davos last Thursday, the development world has been abuzz with its interpretations and implications. But Switzerland is not...
The Week Went WellNews
C.K. Prahalad, author of The Fortune at the Bottom of the Pyramid; Eradicating Poverty through Profit (Wharton School Publishing, 2004), has long championed the notion that business -- rather than government handouts -- represents the most effective solution to poverty. In a keynote speech at the recent TiE Entrepreneurship Summit in New Delhi, he noted that India must pay more attention to entrepreneurship, which he described as the essence of development. We ne...
C.K. Prahalad: ’The Poor Deserve World-Class Products and Services’
