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Cracking the Nut: How a Cashew Enterprise Empowers Women in Rural Bali
Each day, East Bali Cashews (EBC) processes about 800 pounds of raw cashews, preparing them for snack production. The Indonesian company was launched about five years ago after a health care volunteer saw the impoverished conditions many agricultural workers face, and it now employs 400. But the statistic that most impresses Nadia Putri, an MBA candidate at the University of Michigan’s Ross School of Business, is that more than 80 percent are women. After interning there this summer, Putri details how EBC works to advance women by providing training in everything from English to Excel.
- Categories
- Entrepreneurship
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Giving poor people cash is a good idea. Giving entrepreneurs cash might be a great one
As the country’s population continues to grow—the median age of in the country is only 18—the economy is struggling to create jobs at a sufficiently fast pace.
- Categories
- Entrepreneurship
- Region
- Sub-Saharan Africa
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Viewpoint: AI Could Devastate the Developing World
Most studies of the impact of artificial intelligence on jobs and the economy have focused on developed countries such as the U.S. and Britain. But through my work as a scientist, technology executive and venture capitalist in the U.S. and China, I’ve come to believe that the gravest threat AI poses is to emerging economies.
- Categories
- Technology
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Interview: The African youth boom: what’s worrying Bill Gates
The philanthropist warns that stability in Africa makes a huge difference to the world, and that investing in the health and education of its young people is vital.
- Region
- Sub-Saharan Africa
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A Generational Challenge: What We’ve Learned About Addressing Youth Unemployment
Youth unemployment is a pressing issue in developed countries, but in emerging economies, the situation is even more dire. Unemployment rates of 20 percent or higher are common, with some countries reaching as high as 50 percent. Effective solutions will require an urgent, concentrated and collaborative effort, say Emily Coppel of BRAC USA and Patricia Langan of Save the Children. They outline three key lessons for addressing this challenge, previewing a Sept. 24 forum where some of the top development organizations, research institutes and donors will discuss a path forward.
- Categories
- Impact Assessment
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Emerging Tech Will Create More Jobs Than It Kills by 2022, World Economic Forum Predicts
There’s a lot of uncertainty right now about the future of work, and how emerging technologies will change the nature and availability of jobs in the coming years. It’s tempting and wholly reasonable to believe, as so many do, that technological advances, particularly in the areas of robotics and AI, will result in massive unemployment. At the same, technological progress could also create new opportunities and completely new forms of employment.
- Categories
- Technology
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Viewpoint: AI has far-reaching consequences for emerging markets
The US and China are predicted to capture about 70 per cent of the estimated US$15.7 trillion in wealth that AI will generate globally by 2030.
- Categories
- Technology
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From Financial Inclusion to Employment: Four Ways Superplatforms Will Shape Africa’s Future
Perhaps surprisingly, young people in sub-Saharan Africa and other low-income countries haven't embraced digital payments to the extent of their older peers. But that may be changing as "superplatforms" like Alibaba and Facebook – which can leverage their data and tech capabilities over multiple sectors – emerge in the region. David Porteous and Amolo Ng’weno of BFA and Olga Morawcynski of Mastercard Foundation discuss four ways these tech platforms will shape youth employment, financial inclusion, digital identity and other fields.
- Categories
- Finance, Technology
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