Did you know that...
More than a billion people in emerging and developing markets have cell phones but no bank accounts. Talk about leapfrogging.
BRICs: Per Capita GDP and Life Expectancy
In a 2001 paper “Building Better Global Economic BRICs,” Jim O’Neill, Chairman of Goldman Sachs Asset Management, famously dubbed Brazil, Russia, India, and China the “BRIC” countries. This grouping was meant to represent the growth potential of these nations, and to predict their rising share of global economic output. Given the correlation of economic growth with...
Favorite Sector in SE?
In 2000, United Nations member nations set eight targets for sustainable development called the Millennium Development Goals (MDG), including ending poverty and hunger, gender equality, and universal education. With respect to the latter, the objective was to ensure universal primary education by 2015. While progress has been made, with enrollment increasing from 83 percent in 2000 to 89...
The Power of Poop
Grameen's business empire: Grabbing Grameen
Check out this article in The Economist about the Bangladeshi government’s persistent pursuit of control of Grameen Bank. A good example of how poor institutions can undermine progress towards alleviating poverty.
Once we know and are aware, we are responsible for our action and our inaction....