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The Impact Of The Middle East’s Fintech Boom On Economic Inequality In The Region
History tells us that any new technology can lead to one of two diametrically-opposed social outcomes: the technology can help balance the distribution of global wealth, or it can deepen economic and social inequality.
- Categories
- Finance
- Region
- North Africa & Near East
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A Shifting Frontier: How Mobile Money is Reshaping the Gender Gap in Financial Inclusion
Mobile banking can undoubtedly be a useful tool when it comes to closing the financial services gender gap – with the key word being "can." But as the results of the Global Findex report show, fintech is no panacea for addressing longstanding disparities in financial access, and the gap between men and women remains great. Scott Graham of FINCA International explores the potential – and limitations – of digital finance to boost women’s inclusion and empowerment.
- Categories
- Finance
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Global Income Inequality May Fall as Emerging Markets Skill Up
The world will see the number of skilled workers -- those with nine or more years of education -- rise 30 percent to 2.16 billion by 2040, up from 1.66 billion in 2011, according to a new World Bank report. Thanks to their growing populations and investments in education, developing countries are expected to contribute all of those additional educated workers.
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Development aid in Africa is flowing to the rich in urban areas and not the poor
In his paper published this month, Ryan C. Briggs, an assistant professor at the department of political science, shows that there are spatial differences in the degree to which aid reaches the poor in Africa. Briggs examined the data by dividing the African continent’s map—including North Africa and the islands—into 10,572 cells after which he aggregated aid projects, population, and poverty levels into each cell.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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The gap between India’s richer and poorer states is widening
East Asia’s growth pattern has for decades been likened to a skein of geese, from Japan at the vanguard to laggards such as Myanmar at the rear. The same pattern can often be seen within big countries. Over the past decade, for example, China’s poorer provinces have grown faster than their wealthier peers. India is different. Far from converging, its states are getting ever more unequal. A recent shake-up in the tax system might even make matters worse.
- Categories
- Technology
- Region
- South Asia
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From Kentucky to Kenya: Celebrating Financial Inclusion’s Potential – And Facing its Limitations
The financial inclusion industry is arguably more innovative and attuned to the needs of low-income clients than ever before. But how much of an impact can it make in a world where the problems of poverty and income inequality increasingly plague not only low-income countries, but wealthy ones too? We discuss the issue as NextBillion's Financial Inclusion Month concludes.
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- NextBillion Originals
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Dear Diary: New Financial Diaries Research Explains Why Many Americans are So Angry
Would you rather have more money or a more stable financial life? A striking 92% of Americans in a recent survey chose stability - a sign of the deep undercurrent of financial insecurity running through the world's richest country. A new book called "The Financial Diaries, How American Families Cope in a World of Uncertainty" explores this insecurity in remarkable detail. Its co-author, Rachel Schneider of the Center for Financial Services Innovation, discusses the research and its far-reaching implications in NextBillion's latest podcast.
- Categories
- NextBillion Originals
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The Regenerative Economy: A New Approach to Capitalism
Bill Kramer doesn't subscribe to a basic tenet of neoliberalism – that man is selfish and markets are an efficient way to channel that basic human trait. He and other entrepreneurs and academics working under the general umbrella of “regenerative future” studies believe optimal productivity can be restored only when natural systems are fully understood. The topic will be further explored at the upcoming Regenerative Future Summit.
- Categories
- Entrepreneurship
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