Boosting Africa's Private Sector: …an engine of growth and poverty reduction Vibe Ghana Yet, the most simple and fundamental question remains unanswered: how is Africa's private sector developed to actually boost economic growth and reduce poverty?
Since the economic crisis, many companies have been trying to figure out the best way to reposition themselves for greater performance and success in the future. Clearly the answer involves some combination of growth strategy and cost management. Over the past several years, working in a variety of industries, we have seen firsthand that companies that do three things together seem to be better positioned for a sustainable return to high performance. First, they create clarity and coherence in their strategy, articulating the differentiating capabilities that they will need to win in the marketplace. Second, they put in place an optimized cost structure and approach to capital allocation, with continual investment in the capabilities critical to success, while proactively cutting costs in less-critical areas to fund these investments. Third, they build supportive organizations. They redesign their structures, incentives, decision rights, skill sets, and other organizational and cultural elements to more closely align their behavior to their strategy, and to harness the collective actions of their people.
The third release of 2013Q1 GDP suggests even more tepid growth than originally thought. Government spending at all levels, state/local, and both Federal defense and nondefense, is deducting from growth (in contrast to the ...
How progressive is the push to eradicate extreme poverty? The Guardian Merely relying on global growth (and the continuation of recent improvements in development policy) to eradicate extreme poverty is simply not a viable course.
Using time and state-level variation across Indian states, this column finds strong evidence that financial deepening reduces rural poverty, especially among the self-employed. Financial deepening is also found to be ...
Effective planning can lead to strong economic development Colorado Springs Gazette Few things in life are free. The roads we drive on are not free. Our national security is not free. Protection from fires and other natural disasters is not free.
Historically people associate the sound of Africa as the roar of the lion; but in reality, it’s been the roar of the diesel generator. Herds of these archaic beasts are on the prowl. Their habitat includes cities, towns, factories, mines, businesses and big farms – anywhere where power is required and isn’t available or reliable.
When I started in the development arena and specifically in the renewable energy space nearly 15 years ago, energy issues simply didn’t feature. Conservationists and environmentalists alerted us to the dangers of deforestation and climate change and to the importance of preservation of African habitats. Electricity grids only served largely urban areas and commercial enterprises while modern energy options (outside of South African townships) were unavailable to the poor. There were few alternatives to firewood, charcoal, kerosene or candles – what I call the four fuels of poverty.
Energy poverty, or energy injustice, at that time was simply known as life. Everyday challenges largely went unnoticed from women walking long distances to collect firewood, inhaling wood smoke from cooking or kerosene fumes from roughhewn tin lamps. Respiratory illnesses, children ingesting kerosene believing it to be clean water, and burns and deaths from fires weren’t on health radar screens in any scale. Productivity went down when the sun did. Few development organizations factored energy poverty into ensuring the efficacy of their programs.
It didn’t take me much time to realize that as long as the poor were dependent on non-renewable energy sources, they couldn’t raise themselves out of poverty. When you’re spending between 10-40% of meager incomes on inefficient and harmful fuels you just can’t get ahead.
The end to extreme poverty might very well be within reach. But is the bar too low?
The World Bank aims to raise just about everyone on Earth above the $1.25-a-day income threshold. In Zambia, an average person living in such dire poverty might be able to afford, on a given day, two or three plates of cornmeal porridge, a tomato, a mango, a spoonful each of oil and sugar, a bit of chicken or fish, maybe a handful of nuts. But he would have just pocket change to spend on transportation, housing, education and everything else.
'India's growth strategy holds lessons for developing nations' Economic Times WASHINGTON: India's strategy of fuelling growth with market-based policies and eradicating poverty by "growing the pie rather than slicing it" holds lessons for other...
As the internet and apps era has taken hold, younger people -- often in their early twenties or late teens -- have been achieving some incredible things, such as building hit mobile games or selling their startups to corporations for large sums of...
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