The McKinsey Quarterly looks at the potential value of China’s emerging middle class. Some of their estimates:
East Asia and Pacific
New from the OECD: The Rise of China and India - What's in it for Africa? By the end they lean towards the conclusion that the “Asian Drivers’ rise in the world economy are largely positive for Africa.” The real determinant will of course be the wisdom of future policy decisions - this is where we need to focus. See a short summary or this policy insight note.
The Boston Consulting Group has a new report out, The New Global Challengers: How 100 Top Companies from Rapidly Developing Economies Are Changing the World.
Until recently, only a dozen or so companies based in rapidly developing countries could be described as emerging global challengers. Today there are hundreds, which is in line with the expectation that by 2050 China and India will be two of the world’s three largest superpowers…
Some weekend reading as I clean out the backlog:
Over the past half decade though, the folks at Afrobarometer, which is run by Michigan State University, the Institute for Democracy in South Africa, and the Centre for Democratic Development in Ghana, have done a series of fascinating surveys on what Africans feel about some of the biggest issues they face.
Microfinance... took another step toward becoming a distinct asset class with the advent of a mechanism for objectively rating microfinance funds. MicroRate, an independent company that already rates microfinance institutions (MFIs), has been working to develop a microfinance fund-rating tool for several years.
Staffing is one of the most serious challenges facing donors and aid agencies ramping up in Aceh. There’s no shortage of overqualified foreigners running around Aceh or the rest of Indonesia with the requisite passion to slave away for this worthy cause. The problem is, however, now that the volunteer/recovery phase is largely over and longer-term commitment becomes necessary to engage in the reconstruction effort, their services and dedication come with a very high price-tag.