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Blog Post
I have to admit, when I first encountered Karnani?s initial critique of BoP, entitled ?Fortune at the Bottom of the Pyramid: A Mirage? I was beside myself with excitement. Although I had read much of NextBillion?s content with interest and hope, I couldn?t help but wonder, ?Where...
Tayo Akinyemi’s BOP 20 QuestionsNews
ET: At a time when the Indian economy is registering the highest growth rates ever, the biggest preoccupation now - and rightly so - is to ensure that we are able to develop a model for sustainable growth. We welcome Professor Joseph Stiglitz in Mumbai. At ET, we’re privileged to host this breakfast meeting between you and Nachiket Mor of ICICI Bank. This session is meant to explore issues relating to India’s search for a more inclusive model of growth. We would also explore w...
Go Micro for Macro SpeedNews
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...
Low-income groups form a $5 trillion consumer marketNews
The world’s estimated four billion people who live under the poverty line represent an untapped global market worth $5 trillion in local purchasing power, according to a new report. The report by the International Financial Corp., the World Bank’s private sector arm, and environmental think-tank the World Resources Institute, measures the size of the market using income and expenditure from household surveys. It comes as domestic and multinational corporations look ...
World’s poor represent $5 trillion market: reportBlog Post
Last week, I attended “UN Meets Silicon Valley,” an event convened by the UN Global Alliance for ICT and Development.? Craig Barrett, former CEO and now Chairman of Intel (full disclosure: WRI and Intel are partners), also chairs the UNGAID.? Going in, I was a bit skeptical, since...
Behind the Scenes at UN Meets Silicon ValleyBlog Post
Highlights from the Business, Engineering and Sustainability Workshop This past weekend, about 60 talented individuals from business schools, engineering departments, non-profits and the private sector met for what was essentially a two day brainstorming session. The goal: Discovering ways...
The U-Curve TheoryBlog Post
By Allen Hammond, Bill Kramer, and Rob KatzThe recent debate over Fair & Lovely Whitening Cream, both in Aneel Karnani’s working paper and in Andrew Leonard’s column in Salon, brings up many interesting points. In response to Karnani, who argues that Fair & Lovely...
The BOP Debate: WRI RespondsNews
Equity Bank yesterday unveiled Internet banking service in the local market after a successful trial run in London to tap the purses of over 10,000 Kenyans living in the diaspora. The service allows customers worldwide to access their accounts for purposes of conducting convenient payments such as monthly salary transfers, remittances, affordable money transfers, foreign currency issuance, among other services. Yesterday?s launch, which was presided over by Commonwealth ...
