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September 2015

Innovation marketplace spurs entrepreneurialism in Turkey

James Reed's picture

Nurturing startups is not just about providing funding. It’s also about encouraging innovation and bold ideas, building a supportive network of capital and expertise, and providing opportunities for sharing knowledge. That’s why IFC’s Istanbul Operations Center recently organized Innovation Marketplace, an invitation-only event for more than 20 local and regional companies and 16 hand-picked startups that sought to develop new partnerships and encourage entrepreneurship in Turkey.

Older workers need lifetime skills development

Piotr Lewandowski's picture

The IBS research institute in Poland has analyzed how the nature of the labour market had changed since the country transformed in the 1990s. Those who were born in the 1970s and 1908s have been able to take advantage of new types of jobs that have emerged. But those born before have been left behind. Piotr Lewandowski, President of IBS, explains how a boom in tertiary education has created new types of jobs which have benefited these young workers - but not the older workers. This shows the importance for all workers to engage in lifetime skills development so that they can survive a transformative economic shock. 

A jobs solution to the migration crisis

Paul Collier's picture
 UNHCR/Brian Sokol Photo: UNHCR/Brian Sokol

Violent conflicts such as that currently raging in Syria generate both immediate and future economic challenges. What is needed is an integrated approach to displacement and post-conflict recovery. The displaced could, if adequately supported, constitute an economy-in-exile which, once peace was restored, could return and speed recovery. Refugee camps, instead of being the repositories of human tragedies, should be the job havens that incubate the future economy.

When job contracts prevent productivity gains from new technology

Eric Verhoogen's picture

In his survey of soccer-ball producers in Pakistan, Columbia University’s Eric Verhoogen describes less-obvious hurdles to adoption of more efficient technologies—even when said technology is free to use and significantly cheaper than existing methods.  The chief culprit?  A misalignment of incentives between production-line workers paid on a piece-rate basis, and management staff who rely heavily on production workers to make technology recommendations.  Production-line workers cared more about speed than reducing waste, so management was kept in the dark about the new technology’s benefits, leading to low adoption rates.
By Christophe Domingue, HKUST Institute for Emerging Market Studies