While Hillary Clinton is cracking the glass ceiling, if not yet shattering it entirely, in the United States by becoming the first female presidential nominee of a major political party, recent analysis on U.S. women in the workforce presents a more sobering finding.
Sunny skies and beautiful beaches come to mind when you think about the Caribbean. But beyond the turquoise water lies a history of underage marriage, a practice that still lingers throughout the region.
My Nani (the Hindi word for maternal grandmother), came from a low-income family from the island of Trinidad. Growing up, she worked on a sugar plantation with her siblings. But poverty and manual labor didn’t compare with what she experienced after her mother died.
When I speak about big data with government leaders in our client countries around the world, I often find that many have some awareness of big data, but for many, that's where the story ends. Most are not sure how it is going to affect them or what they should do. Most leaders are largely unaware that the impact of big data is likely to be broad and deep. What governments do (or fail to do) will likely shape up the competitiveness of their countries' businesses for the next generation.
In countries further along on its adoption curve, big data has already started to transform not only the information technology sector but almost every business in every industry. Incorporation of big data today is analogous in many ways to the transformative effect of electricity on industries in the 19th century. While electricity production and distribution became an industry in itself, it also led businesses in all sectors to redesign their processes to take advantage of this new resource, leading to unprecedented productivity gains of the Second Industrial Revolution. It isn't surprising therefore that at the recent World Economic Forum in Davos, there was much talk about the global economy being on a brink of a Fourth Industrial Revolution, fueled by big data enabled innovations. Governments in emerging economies cannot afford to be left out of this conversation.
In this blog I hope to show how big data, as a new resource – one that is abundant and rapidly growing – is transforming the business environment and changing the way companies compete with each other. I will also offer suggestions for actions and policies that governments can initiate to position their economies for the advent of the so-called Big Data Revolution, and show that if they don't, they risk losing market share to more digital data-savvy competitors. Finally, I will share a new tool: Open Data for Business (OD4B) Assessment and Engagement Tool, that the World Bank has launched to help governments lay the foundation for the use of one type of big data – open government data – by the private sector.
Why do we need to talk about violence against women? The question has been raised by many organizations and individuals, but most of the time is not properly addressed and nor even clearly understood. “Yet another human rights issue… but we are seeking economic opportunities to be able to pay the bills,” is what I have been hearing from many people in the Middle East and North Africa, where I grew up. The truth is that empowering women and protecting them from violence can actually make everyone wealthier. This topic has been a heated debate not only in the Middle East and North Africa, but also in Europe, Asia, Africa, and the Americas.
We know corruption in developing countries affects poor people the most. It also impacts firms in many ways.
“Every time I see a problem, I create a social business to solve it,” renowned Nobel Prize laureate Muhammad Yunus said to an overflowing room at the World Bank Group’s Headquarters in Washington, DC this summer. “Set up a social business.”
“The poor are like Bonsai trees,” the founder of Grameen Bank explained, “When you plant the best seed of the tallest tree in a six-inch-deep flower pot, you get a perfect replica of the tallest tree, but it is only inches tall. There is nothing wrong with the seed you planted; only the soil-base you provided was inadequate. Poor people are bonsai people. There is nothing wrong with their seeds. Only society never gave them a base to grow on."
Women entrepreneurs in Ethiopia are disadvantaged from the start. They have less access to the finance, networks, and education which help their male counterparts advance. They face regular discrimination and harassment from society--sometimes even from their own families and communities. The challenges a woman entrepreneur in Ethiopia faces in growing her business are overwhelming.
Gérard Mestrallet is chairman and CEO of ENGIE, formerly GDF Suez. He spoke at the World Bank Group about his company's support for carbon pricing and the involvement of Europe's energy companies in reinvigorating the EU's emissions trading system.
These are some of the views and reports relevant to our readers that caught our attention this week.
Dial ICT for conflict? Four lessons on conflict and contention in the info age
The Washington Post
The past decade has witnessed an explosion of interest among political scientists in the outbreak and dynamics of civil wars. Much of this research has been facilitated by the rise of electronic media, including newspapers but extending to social media (Twitter, Facebook) that permit the collection of fine-grained data on patterns of civil war violence. At the same time, a parallel research program has emerged that centers on the effects of new information and communication technologies (ICTs). Yet these two research efforts rarely intersect.
Improving Innovation in Africa
Harvard Business Review
Opportunity is on the rise in Africa. New research, funded by the Tony Elumelu Foundation and conducted by my team at the African Institution of Technology, shows that within Africa, innovation is accelerating and the continent is finding better ways of solving local problems, even as it attracts top technology global brands. Young Africans are unleashing entrepreneurial energies as governments continue to enact reforms that improve business environments. An increasing number of start-ups are providing solutions to different business problems in the region. These are deepening the continent’s competitive capabilities to diversify the economies beyond just minerals and hydrocarbon. Despite this progress, Africa is still deeply underperforming in core areas that will redesign its economy and make it more sustainable.
"People who don't take risks generally make about two big mistakes a year. People who do take risks generally make about two big mistakes a year."
- Peter Drucker, university professor, writer and business guru. He has written numerous books on management and business and is considered to be the "father of modern management".