Session IV - Cross-National Frameworks for the Management of National Inequal...KhazanahResearchInstitute
Malaysian Income Distribution in a Global Context
A Khazanah Nasional Berhad and Khazanah Research Institute Seminar
Session IV - Cross-National Frameworks and the Management of National Inequality
18 January 2018
A brief overview of finance for development, to encourage business enterprises to seek opportunity in the new global Sustainable Development Goals (SDGs)
Session IV - Policy Considerations in Addressing Malaysian Economic Inequalit...KhazanahResearchInstitute
Malaysian Income Distribution in a Global Context
A Khazanah Nasional Berhad and Khazanah Research Institute Seminar
Session IV - Cross-National Frameworks and the Management of National Inequality
18 January 2018
Session I - Framing the Conversation on Inequality and Development Choices by...KhazanahResearchInstitute
Malaysian Income Distribution in a Global Context
A Khazanah Nasional Berhad and Khazanah Research Institute Seminar
Session I - Global Poverty and Inequality: A View from the Global Consumption and Income Project
18 January 2018
Globalization refers to the expansion of international trade and multinational companies operating on a global scale. It has led to outsourcing and offshoring of functions to other countries. While globalization has increased global wealth and economic growth in some nations, it has also led to unequal distribution of resources and marginalization of poorer countries. Major international economic institutions like the IMF, World Bank, and G20 work to promote global cooperation and development. Traditional economic powers include the US, EU, Japan, while emerging powers are countries like China, India, Brazil. Regional powers have significant influence within their geographic region.
The document is a communiqué issued by the G20 Young Entrepreneurs' Alliance (G20 YEA) at their 2015 summit in Istanbul, Turkey. It outlines recommendations to promote entrepreneurship culture globally. The G20 YEA represents 500,000 young entrepreneurs and collaborates with the B20. At this summit, the G20 YEA developed recommendations focusing on education/skills training, visa programs, taxation/funding policies, digital infrastructure, legal frameworks, and research to promote entrepreneurship. They call on G20 leaders to endorse these recommendations to foster environments supportive of entrepreneurship and address youth unemployment.
Session IV - Cross-National Frameworks for the Management of National Inequal...KhazanahResearchInstitute
Malaysian Income Distribution in a Global Context
A Khazanah Nasional Berhad and Khazanah Research Institute Seminar
Session IV - Cross-National Frameworks and the Management of National Inequality
18 January 2018
A brief overview of finance for development, to encourage business enterprises to seek opportunity in the new global Sustainable Development Goals (SDGs)
Session IV - Policy Considerations in Addressing Malaysian Economic Inequalit...KhazanahResearchInstitute
Malaysian Income Distribution in a Global Context
A Khazanah Nasional Berhad and Khazanah Research Institute Seminar
Session IV - Cross-National Frameworks and the Management of National Inequality
18 January 2018
Session I - Framing the Conversation on Inequality and Development Choices by...KhazanahResearchInstitute
Malaysian Income Distribution in a Global Context
A Khazanah Nasional Berhad and Khazanah Research Institute Seminar
Session I - Global Poverty and Inequality: A View from the Global Consumption and Income Project
18 January 2018
Globalization refers to the expansion of international trade and multinational companies operating on a global scale. It has led to outsourcing and offshoring of functions to other countries. While globalization has increased global wealth and economic growth in some nations, it has also led to unequal distribution of resources and marginalization of poorer countries. Major international economic institutions like the IMF, World Bank, and G20 work to promote global cooperation and development. Traditional economic powers include the US, EU, Japan, while emerging powers are countries like China, India, Brazil. Regional powers have significant influence within their geographic region.
The document is a communiqué issued by the G20 Young Entrepreneurs' Alliance (G20 YEA) at their 2015 summit in Istanbul, Turkey. It outlines recommendations to promote entrepreneurship culture globally. The G20 YEA represents 500,000 young entrepreneurs and collaborates with the B20. At this summit, the G20 YEA developed recommendations focusing on education/skills training, visa programs, taxation/funding policies, digital infrastructure, legal frameworks, and research to promote entrepreneurship. They call on G20 leaders to endorse these recommendations to foster environments supportive of entrepreneurship and address youth unemployment.
The Policy Framework for Investment is a comprehensive and systematic tool for improving investment conditions. This brochure explains what it is, how it works and who is using it.
More tools and information are available online at www.oecd.org/investment/pfi.htm
The Role of The Private Sector In Development Finance-MOOC AssignmentAfia Agyekum
The document discusses the role of the private sector in development finance. It notes that the private sector plays a key role in mobilizing finances for development through investments, job creation, and tax revenues. Specifically, the private sector accounts for 25% of funds to developing countries, including 12.5% from capital markets. However, there is still room for the private sector to provide more financing. The public sector can help attract private sector investment through maintaining macroeconomic stability, reliable infrastructure, rule of law, and business-friendly policies and reforms. Blended finance models that bring together public and private funds can also promote greater private sector participation in development.
Activities involved in succession process in uk 2John Johari
This document provides guidance on conducting a policy review process and developing strategic plans to support micro, small, and medium-sized enterprises (MSMEs). It discusses the need for an effective policy framework and strategic plans to promote MSME sector development. The guide outlines a process for needs analysis, policy evaluation, stakeholder consultation, and plan development. The overall aim is to provide policymakers with a systematic approach to reviewing policies and designing national, regional, and local strategies to strengthen MSMEs and encourage entrepreneurship.
The America21 Project aims to promote inclusive competitiveness through STEM education, entrepreneurship, and investment. It seeks to connect disadvantaged citizens to innovation clusters and emerging industries. Inclusive competitiveness measures how diverse populations perform within innovation ecosystems and emerging sectors to improve overall economic competitiveness. It is supported by education, entrepreneurship, and capital formation. America21 aims to diffuse inclusive competitiveness throughout regional, national, and global economies.
The document discusses strategies for promoting economic inclusion through entrepreneurship and market-based approaches. It defines economic inclusion as providing equal opportunities for all members of society to participate in the economy as entrepreneurs, employees, consumers and citizens. The key strategies discussed are:
1) Promoting youth entrepreneurship through reforms to education to teach entrepreneurial skills and linking training programs to actual market opportunities.
2) Supporting women's entrepreneurship, which empowers women economically and creates new sources of growth.
3) Engaging underrepresented groups like women and youth in the design of inclusion policies and programs, and ensuring they have advocacy skills and access to networks and resources.
Solutions for all: Global Challenges to Achieve the SDGsSDGsPlus
1) The document discusses financing solutions to achieve the UN Sustainable Development Goals (SDGs) by 2030. It argues that public funding alone will not be enough and that private sector finance must play a bigger role through impact investment.
2) Business has a major opportunity to benefit from sustainable development and the SDGs by opening new markets while enhancing reputations. Developing countries represent over half of the estimated $12 trillion in business opportunities associated with achieving the SDGs.
3) Key investments needed to achieve the SDGs include human capital, infrastructure, resilience, gender equality and digital infrastructure. The World Bank aims to accelerate more and better investments in these areas to promote greater equity and economic growth.
The role of the private sector in development finance_MOOC projectAfia Agyekum
The private sector plays a key role in development finance through various means. It contributes significantly to resource mobilization via taxes and as business investors. While private sector investment in developing countries has increased over tenfold since 2000, there remains room for growth. The public sector can help by establishing stable economic conditions, reliable infrastructure, and business-friendly regulations to attract more private capital toward achievement of the UN Sustainable Development Goals.
The document discusses several approaches to economic development, including "trickle down" or "top down" approaches that focus on enabling large companies and wealthy individuals to thrive with the goal that their success will benefit others. Other approaches discussed include growth pole theory, grassroots or "bottom up" development that focuses on directly helping lift people out of poverty, fair trade, regional development, export-led growth, import substitution, foreign direct investment, and contrasting Keynesian and neo-liberal economic philosophies. The United Nations Millennium Development Goals are also briefly outlined.
Implementing Technology Transfer Offices in Mena region: The role of private ...Mondher Khanfir
Tech Transfer Offices is not only a missing link to be created between University and Industry. It's a highly complex ecosystem to be developped around formal processes, covering the IP production and protection to the Tech Transfer project engineering and contracting. In this presentation, the author insists on the importance of the private sector to handle the Tech Transfer as knowledge based Industry itself.
130317 SupportingPrograms for Impact Capital Paper & AbstractTommaso Saltini
This document proposes a model for developing an impact capital industry in emerging markets like the Mediterranean region. The model outlines five sequential phases: 1) preliminary, 2) pre-emergence, 3) emergence, 4) development, and 5) consolidation. Each phase involves specific actors, activities, and issues. The preliminary phase focuses on R&D and entrepreneurship culture, while the pre-emergence phase establishes policies and human capital. The emergence phase works to attract investors and start new venture capital firms and companies. Development expands local and international networks, and consolidation coordinates the industry and helps it adapt to crises. Public-private partnerships and long-term support of education, innovation and entrepreneurship are seen as key to successfully implementing
The document discusses several key obstacles to development including:
1) Poor governance in countries can hinder development through issues like corruption, bureaucracy, and lack of accountability. Zimbabwe is provided as an example.
2) Lack of access to capital makes it difficult for businesses in developing countries to grow without means to invest and expand.
3) High disease burdens reduce productivity by making populations too sick to work.
4) Natural hazards like droughts and floods can damage economies and set back development.
5) Protectionism and unfair trade practices in developed countries present obstacles to exports from developing nations.
Provoking Thoughts on Fostering Cohesion with InnovationIMP³rove Academy
Europe’s diverse landscape is perceived as a key driver for successful innovation but can form an obstacle to cohesion and growth as well. During the International IMP³rove Roundtable 2015, experts have discussed how to leverage this diversity to rather foster cohesion with innovation than allow diversity to drive Europe apart. Innovation has the potential to foster cohesion.
national financing strategy for Namibia, to access additional sources of finance for its development towards the sustainability development goals (SDGs). a logical thought process, moving from high-level opportunities to access sources of finance to a concrete strategy for achieving it.
The role of Government in the Social EconomyOECD CFE
The capacity building seminar will gather the main stakeholders who are concerned with building conducive ecosystems for social enterprises: policy makers and administrators, networks of social enterprises and social economy actors, social finance players.
02 - La Stratégie de Spécialisation Intelligente : Vecteur de Croissance des ...Mohamed Larbi BEN YOUNES
This document summarizes a presentation on strategies for smart specialization as a driver of regional growth. It discusses key global trends like the rise of global value chains and increasing innovation-related collaboration. It also covers regional considerations, noting productivity differences across regions and the importance of tradable sectors for growth. The presentation outlines two stylized models of regional economies and emphasizes that smart specialization strategies should facilitate entrepreneurial self-discovery in regions through strategic diversification and knowledge investments in activities rather than sectors.
Innovation Policy by Fergus Harradence BISTal Oron
A presentation by the deputy director for innovation policy, Mr. Fergus Harradence @ a talk organized by the Entrepreneurs Interactive Society, Imperial Business School
04 - Le rôle du capital humain : éléments clés pour le développement régional...Mohamed Larbi BEN YOUNES
Le rôle du capital humain : éléments clés pour le développement régional innovant / The role of human capital : key elements for innovative regional development
Ms. Siria TAURELLI, Senior Specialist in Vocational and Education Training Policies and Systems, European Training Foundation
Séminaire sur la Stratégie de Spécialisation Intelligente / S3 organisé par l'ANPR avec le support de l'UE les 17 et 18 mai 2016 à Hammamet.
The document discusses entrepreneurship and human development as two tools for societies to effectively use resources, meet basic needs, and increase well-being. Entrepreneurship stimulates economic growth and development by increasing revenues, promoting innovation, and improving product quality. Human development complements economic growth by emphasizing capabilities, income equality, and democratic institutions. Both tools are needed for sustainable development and wealth generation.
Role of business in economic developmentM S Siddiqui
Policy makers need to create structured long term funding schemes with extended moratorium periods to support young entrepreneurs in the start-up stage and smooth run of business under self-regulations with minimum bureaucratic control. The bureaucratic control is expensive and regressive of creation of new business and development of entrepreneurship.
The Policy Framework for Investment is a comprehensive and systematic tool for improving investment conditions. This brochure explains what it is, how it works and who is using it.
More tools and information are available online at www.oecd.org/investment/pfi.htm
The Role of The Private Sector In Development Finance-MOOC AssignmentAfia Agyekum
The document discusses the role of the private sector in development finance. It notes that the private sector plays a key role in mobilizing finances for development through investments, job creation, and tax revenues. Specifically, the private sector accounts for 25% of funds to developing countries, including 12.5% from capital markets. However, there is still room for the private sector to provide more financing. The public sector can help attract private sector investment through maintaining macroeconomic stability, reliable infrastructure, rule of law, and business-friendly policies and reforms. Blended finance models that bring together public and private funds can also promote greater private sector participation in development.
Activities involved in succession process in uk 2John Johari
This document provides guidance on conducting a policy review process and developing strategic plans to support micro, small, and medium-sized enterprises (MSMEs). It discusses the need for an effective policy framework and strategic plans to promote MSME sector development. The guide outlines a process for needs analysis, policy evaluation, stakeholder consultation, and plan development. The overall aim is to provide policymakers with a systematic approach to reviewing policies and designing national, regional, and local strategies to strengthen MSMEs and encourage entrepreneurship.
The America21 Project aims to promote inclusive competitiveness through STEM education, entrepreneurship, and investment. It seeks to connect disadvantaged citizens to innovation clusters and emerging industries. Inclusive competitiveness measures how diverse populations perform within innovation ecosystems and emerging sectors to improve overall economic competitiveness. It is supported by education, entrepreneurship, and capital formation. America21 aims to diffuse inclusive competitiveness throughout regional, national, and global economies.
The document discusses strategies for promoting economic inclusion through entrepreneurship and market-based approaches. It defines economic inclusion as providing equal opportunities for all members of society to participate in the economy as entrepreneurs, employees, consumers and citizens. The key strategies discussed are:
1) Promoting youth entrepreneurship through reforms to education to teach entrepreneurial skills and linking training programs to actual market opportunities.
2) Supporting women's entrepreneurship, which empowers women economically and creates new sources of growth.
3) Engaging underrepresented groups like women and youth in the design of inclusion policies and programs, and ensuring they have advocacy skills and access to networks and resources.
Solutions for all: Global Challenges to Achieve the SDGsSDGsPlus
1) The document discusses financing solutions to achieve the UN Sustainable Development Goals (SDGs) by 2030. It argues that public funding alone will not be enough and that private sector finance must play a bigger role through impact investment.
2) Business has a major opportunity to benefit from sustainable development and the SDGs by opening new markets while enhancing reputations. Developing countries represent over half of the estimated $12 trillion in business opportunities associated with achieving the SDGs.
3) Key investments needed to achieve the SDGs include human capital, infrastructure, resilience, gender equality and digital infrastructure. The World Bank aims to accelerate more and better investments in these areas to promote greater equity and economic growth.
The role of the private sector in development finance_MOOC projectAfia Agyekum
The private sector plays a key role in development finance through various means. It contributes significantly to resource mobilization via taxes and as business investors. While private sector investment in developing countries has increased over tenfold since 2000, there remains room for growth. The public sector can help by establishing stable economic conditions, reliable infrastructure, and business-friendly regulations to attract more private capital toward achievement of the UN Sustainable Development Goals.
The document discusses several approaches to economic development, including "trickle down" or "top down" approaches that focus on enabling large companies and wealthy individuals to thrive with the goal that their success will benefit others. Other approaches discussed include growth pole theory, grassroots or "bottom up" development that focuses on directly helping lift people out of poverty, fair trade, regional development, export-led growth, import substitution, foreign direct investment, and contrasting Keynesian and neo-liberal economic philosophies. The United Nations Millennium Development Goals are also briefly outlined.
Implementing Technology Transfer Offices in Mena region: The role of private ...Mondher Khanfir
Tech Transfer Offices is not only a missing link to be created between University and Industry. It's a highly complex ecosystem to be developped around formal processes, covering the IP production and protection to the Tech Transfer project engineering and contracting. In this presentation, the author insists on the importance of the private sector to handle the Tech Transfer as knowledge based Industry itself.
130317 SupportingPrograms for Impact Capital Paper & AbstractTommaso Saltini
This document proposes a model for developing an impact capital industry in emerging markets like the Mediterranean region. The model outlines five sequential phases: 1) preliminary, 2) pre-emergence, 3) emergence, 4) development, and 5) consolidation. Each phase involves specific actors, activities, and issues. The preliminary phase focuses on R&D and entrepreneurship culture, while the pre-emergence phase establishes policies and human capital. The emergence phase works to attract investors and start new venture capital firms and companies. Development expands local and international networks, and consolidation coordinates the industry and helps it adapt to crises. Public-private partnerships and long-term support of education, innovation and entrepreneurship are seen as key to successfully implementing
The document discusses several key obstacles to development including:
1) Poor governance in countries can hinder development through issues like corruption, bureaucracy, and lack of accountability. Zimbabwe is provided as an example.
2) Lack of access to capital makes it difficult for businesses in developing countries to grow without means to invest and expand.
3) High disease burdens reduce productivity by making populations too sick to work.
4) Natural hazards like droughts and floods can damage economies and set back development.
5) Protectionism and unfair trade practices in developed countries present obstacles to exports from developing nations.
Provoking Thoughts on Fostering Cohesion with InnovationIMP³rove Academy
Europe’s diverse landscape is perceived as a key driver for successful innovation but can form an obstacle to cohesion and growth as well. During the International IMP³rove Roundtable 2015, experts have discussed how to leverage this diversity to rather foster cohesion with innovation than allow diversity to drive Europe apart. Innovation has the potential to foster cohesion.
national financing strategy for Namibia, to access additional sources of finance for its development towards the sustainability development goals (SDGs). a logical thought process, moving from high-level opportunities to access sources of finance to a concrete strategy for achieving it.
The role of Government in the Social EconomyOECD CFE
The capacity building seminar will gather the main stakeholders who are concerned with building conducive ecosystems for social enterprises: policy makers and administrators, networks of social enterprises and social economy actors, social finance players.
02 - La Stratégie de Spécialisation Intelligente : Vecteur de Croissance des ...Mohamed Larbi BEN YOUNES
This document summarizes a presentation on strategies for smart specialization as a driver of regional growth. It discusses key global trends like the rise of global value chains and increasing innovation-related collaboration. It also covers regional considerations, noting productivity differences across regions and the importance of tradable sectors for growth. The presentation outlines two stylized models of regional economies and emphasizes that smart specialization strategies should facilitate entrepreneurial self-discovery in regions through strategic diversification and knowledge investments in activities rather than sectors.
Innovation Policy by Fergus Harradence BISTal Oron
A presentation by the deputy director for innovation policy, Mr. Fergus Harradence @ a talk organized by the Entrepreneurs Interactive Society, Imperial Business School
04 - Le rôle du capital humain : éléments clés pour le développement régional...Mohamed Larbi BEN YOUNES
Le rôle du capital humain : éléments clés pour le développement régional innovant / The role of human capital : key elements for innovative regional development
Ms. Siria TAURELLI, Senior Specialist in Vocational and Education Training Policies and Systems, European Training Foundation
Séminaire sur la Stratégie de Spécialisation Intelligente / S3 organisé par l'ANPR avec le support de l'UE les 17 et 18 mai 2016 à Hammamet.
The document discusses entrepreneurship and human development as two tools for societies to effectively use resources, meet basic needs, and increase well-being. Entrepreneurship stimulates economic growth and development by increasing revenues, promoting innovation, and improving product quality. Human development complements economic growth by emphasizing capabilities, income equality, and democratic institutions. Both tools are needed for sustainable development and wealth generation.
Role of business in economic developmentM S Siddiqui
Policy makers need to create structured long term funding schemes with extended moratorium periods to support young entrepreneurs in the start-up stage and smooth run of business under self-regulations with minimum bureaucratic control. The bureaucratic control is expensive and regressive of creation of new business and development of entrepreneurship.
This document discusses issues related to small and medium enterprises (SMEs) in Pakistan. It defines SMEs and identifies some key issues they face including labor issues, access to finance, market information, and inconsistencies in size definitions. It also outlines some short term issues such as business environment, delivery of assistance, and monitoring as well as long term issues including literacy, law and order, intellectual property rights, and infrastructure challenges. The document provides details on current government efforts and challenges to improving the SME sector in Pakistan.
The May edition of the Multilateral Newsletter highlights the key deliberations from the Forum and provides the key recommendations made by the OECD stakeholders. In addition, the edition covers major happenings at the World Bank, Asian Development Bank (ADB), B20 and International Labour Organisation (ILO).
How can developing countries participate of more sophisticated stages of GVC´sMaraJosDonosoFres
Developing countries have generally only reached limited manufacturing stages in global value chains (GVCs) due to characteristics associated with developing economies like inequality, poverty, unemployment, low skills, unstable economies, and poor infrastructure. These "weaknesses" are directly related to the key drivers of GVC participation like factor endowments, market size, and institutional quality. To participate in more sophisticated GVC stages, developing countries need to reduce inequality problems to promote innovation, and attract foreign direct investment by improving business environment factors like political stability, legal systems, infrastructure, and skilled labor. While not ideal, developing countries can also focus on exploiting natural resources and labor to participate in early GVC stages in the short term.
Strategic Options for Creating Competitive Advantage for Youth Enterprises in...paperpublications3
Abstract: The Youth Enterprises have to survive in the global economic environment through defining the areas in which they can achieve the superior results and on them base their complete business. This article discusses the back ground information regarding youth enterprises in relation to vision 2030 and the global trends on SMES competitiveness as well as regional trends on SMES competitiveness. The research objectives are the effects of collaborative networks, innovation, product diversification and entrepreneurial skills on competitive advantage of youth enterprises. Conceptual framework focuses on both independent and dependent variables, independent variables namely; collaborative networks, innovation, product diversification and entrepreneurial skills; dependent variable namely competitive advantage. The purpose of this article is: to unite and to expand the existing cognitions about the concept of collaborative networks, innovativeness, product diversification, and entrepreneurial skills; propose the universal model for the process of transformation of implementing these concept and to point on the guidelines which should follow these concepts.
Competitiveness and competition commissionM S Siddiqui
BCC should go an advocacy plan to promote competitiveness and to advice on economic policy of the government on the basis of GCI and globally acclaimed 12 pillars competitiveness. Bangladesh is at factor-driven stage and needs focus more on macro economy, political, and legal stability with efficient basic infrastructure and lowering the regulatory costs of doing business.
CII Multilateral Newsletter July edition outlines the highlights of the key discussions of G20 Summit and the testimonials made by B20 members as well as the developments in the Association of Southeast Asian Nations (ASEAN), World Bank, Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB).
The document is a communique from the 2013 G20 Young Entrepreneurs' Alliance Summit held in Moscow, Russia. It discusses the importance of entrepreneurship, especially among youth, for economic growth. It summarizes the discussions at the summit and provides recommendations in 4 areas to support youth entrepreneurship: 1) access to digital infrastructure, 2) education reform, 3) reforming business and labor legislation, and 4) increasing access to finance for startups. The communique calls on G20 governments to create a task force to develop an action plan to implement the recommendations.
Technological advances and globalization have led to major advances for many, but have seen others income and well-being stagnate or even decline. These disparities, both real and perceived - are more broadly, how to make growth inclusive - are some of the greatest challenges facing the world today. Support for inclusive growth - that is, economic growth that is broad-based, sustainable, and provides opportunities for all to participate in its benefits - is gaining momentum. The hoped-for result: dramatic reduction of poverty and inequality. As the world seeks to address these challenges, there is significant potential for private sector actors to pursue unique opportunities that support inclusive growth.
The Inclusive Growth Opportunities Index, developed by The Economist Intelligence Unit with the Morgan Stanley Institute for Sustainable Investing, seeks to connect the need for inclusive growth solutions with investment opportunity. A first-of-its-kind, the Inclusive Growth Opportunities Index offers an analytic framework to rate and rank countries, identifying investment opportunities in technology-based solutions to support inclusive growth.
This document discusses the role of multinational companies in India. It begins by defining multinational companies as enterprises with services across multiple countries globally. It then outlines some of the key roles multinational companies play in developing countries like India, such as filling savings, trade, revenue, and technological gaps. While multinationals can provide benefits like capital, jobs, and skills, they may also concentrate resources in modern sectors, undermine local entrepreneurship, influence government policies, and produce goods that are inappropriate for local needs. Overall, the document analyzes both the positive and negative impacts of multinational corporations on economic development.
The document discusses the role of foreign investment and globalization in the economic development of developing nations like Primaria. It argues that protectionist trade barriers can hinder economic growth in developing countries by constraining business development and competition. However, nations implement protectionist policies to boost local industries and trade. The document claims that foreign direct investment can significantly help the economic development of a country by creating jobs, increasing productivity, improving technology and infrastructure, and providing access to better products and trade opportunities. This in turn can help the overall economic growth of the nation.
This document discusses the challenges of transformation societies in developing economies as they transition from labor-intensive to innovation-driven growth models. It addresses the "transformation trap," which is the inability to resolve political, social, and economic contradictions during periods of significant change. Specifically, it argues that:
1) Establishing political stability through an inclusive social compromise between established and emerging classes is essential to lay the foundation for sustainable development during transformations.
2) The development narrative must shift from identity politics and patronage to empowering all through universal access to opportunities and capabilities.
3) Bringing together a broad societal coalition around the vision of a "Good Society" with full capabilities for all can help shape transformations
This document discusses small and medium-sized enterprises (SMEs) and their role in job creation, economic growth, and innovation. Some key points:
- SMEs account for 60-70% of jobs in most OECD countries and are responsible for a disproportionate share of new jobs. However, less than half of startups survive more than 5 years.
- SMEs face challenges in accessing financing due to higher risks. They are also disproportionately burdened by regulations. Most OECD countries provide some form of public support to help address these issues.
- Innovative SMEs, which comprise 30-60% of all SMEs, play a key role in pioneering
México se ha convertido cada vez más centrado en el fomento de la iniciativa empresarial en los últimos años. A principios de 2013, el gobierno mexicano creó el Instituto Nacional del Emprendedor (Instituto Nacional de Empresario o INADEM), un órgano administrativo dependiente de la Secretaría de Economía dirigido específicamente a desarrollar un fuerte ecosistema emprendedor. El lanzamiento ha subrayado el compromiso del país para acelerar la innovación y mejorar la competitividad de México.
Presented at Innowave Summit - Varna
We need to create a startup friendly ecosystems for entrepreneurs, so they can concentrate fully on innovative growth without being hindered by infrastructural and administrative challenges.
Economic development is key to reducing poverty according to DFID's new strategic framework. The framework outlines five pillars where DFID will increase its work: improving international rules, supporting private sector growth, catalyzing capital flows and trade, engaging businesses, and ensuring inclusive growth. DFID plans to more than double its economic development budget to £1.8 billion by 2015/16 in order to accelerate poverty reduction through higher growth rates and more inclusive economic transformations in partner countries.
Emerging Economies of the World: A Study | November 2016Suhel Goel
The study describes Emerging Market Economies (EMEs) their characteristics and a comparison with the Developed Economies of the world. The study brings to light the macroeconomic viewpoint on why to invest in EMEs and the risks one can face and ways to navigate them.
Lastly, importance of India as the most promising EME is highlighted in the study cum presentation.
Data is the New Oil: How a Data Driven Platform can Deliver Outsized ResultsYusuf Hussain
The document discusses how data and data analytics can help online training platforms deliver significant results. It provides examples of how DigiSkills, an online training platform in Pakistan, uses data to optimize its operations and improve trainee retention. Some key findings from DigiSkills' data analytics include that leading reasons for dropping out are lack of time, and trainees who joined to earn money rather than learn new skills have higher retention rates. Remote rural areas surprisingly have the highest retention levels. The document advocates that data is increasingly important for platforms to continuously improve and scale their impact.
Digi skills.pk first batch induction 200718 v1Yusuf Hussain
Status Update of DigiSkills, a program to deliver one million intermediary and basic trainings online, with the help of coaches, in Pakistan by 2020. Admissions for first semester starting 1 August closed. Applicants invited for next semester commencing 1 Dec 2018
Preparing for the 4th industrial wave v 1.0Yusuf Hussain
This document discusses how Pakistan can prepare for and leverage the 4th Industrial Revolution (4IR) through innovation. It outlines strategies across multiple industries like automotive, electronics, food and beverages, and textiles. These include focusing R&D efforts and applying 4IR technologies like advanced manufacturing, new materials, blockchain and IoT. The document recommends a 4-pronged innovation plan involving universities, startups, competitions and corporations. It also suggests collaborating with China's 5-year plans and integrating into China's Belt and Road Initiative to build and market technologies together.
Financial inclusion, driven by FinTech, will drive economic growth, job creation, income distribution and quality of life in Pakistan, as in other emerging economies. What do current trajectories foretell and what are threats to look out for?
The document outlines 5 ideas to innovate Pakistan. It discusses how innovation has transformed history and driven global prosperity through successive industrial waves. However, innovation also disrupts through technological unemployment. The document advocates for Pakistan to become producers of technology rather than just consumers to generate higher-paying jobs. It promotes startups as the building blocks of the emerging economy and stresses the need to develop lifelong learning skills. The government is urged to develop Pakistan's innovation ecosystem through incentives, funding, and skills development to support startups.
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...sameer shah
Delve into the world of STREETONOMICS, where a team of 7 enthusiasts embarks on a journey to understand unorganized markets. By engaging with a coffee street vendor and crafting questionnaires, this project uncovers valuable insights into consumer behavior and market dynamics in informal settings."
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...Donc Test
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5 Tips for Creating Standard Financial ReportsEasyReports
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3. All roads to a welfare state pass through
economic growth
“There are no examples of countries improving the welfare of
their populations without growth”
-- World Economic Forum: The Global Competitiveness Report, 17-18
3
“Redistribution, as distinct from Growth, cannot be the answer to
removing poverty”
-- “How Economic Growth in India Reduced Poverty and Lessons for other Developing
Countries,” Jagdish Bhagwati and Arvind Pangariya
4. But the right kind of growth, which
happens through productivity increase
"Second, shift Pakistan’s growth policy from the failed import-led strategies towards
policies that focus squarely on raising domestic productivity growth and exports ...
One of the most important lessons for students of economic growth is that a
country’s long-term growth is almost exclusively a function of its domestic
productivity growth. In plain words, a country cannot buy success from the outside,
success has to be developed internally ... Invest in science, technology and
human capital infrastructure.”
-- Atif Mian, Fixing Pakistan’s Financial Woes
4
5. Productivity increase is driven by
technology and innovation …
"Rather than static discussions over the size of the deficit, there must be more
debate about its actual composition; how to invest strategically in key areas, such
as research and development, education and human capital formation, that will
increase gross domestic product in the future (bringing the debt/GDP ratio down as
a consequence); and how to engage in a debate about the direction of change so
that such investments will lead to growth that is not only smarter (innovation-led)
but also more inclusive and sustainable.”
-- Mariana Mazucatto, Economist, author of The Entrepreneurial State: Debunking public vs. private
sector myths
5
The State must direct the economy
towards new techno-economic paradigms.
-- Carlota Perez, Centennial Professor at the London
School of Economics
6. … particularly in developing countries
In lagging countries, political and social norms impede the spread
of technology -- bad rules, old ways of thinking and self imposed
limitations.
-- Paul Romer, awarded Nobel Prize in Economics in 2018 for “for integrating technological
innovations into long-run macroeconomic analysis” and having “immense impact on global
policy making.”
6
7. Large firms that can compete globally …
7
McKinsey, 2018:
"Large competitive firms propel outperforming economies. On average, these economies
have twice as many companies with revenue over $500 million as other emerging economies.
Top firms in emerging economies are more innovative, aggressive in their investment
strategies, nimbler in allocating resources and prioritize growth outside their home markets.”
"Governments also collaborated with the private sector to co-create solutions in multiple
areas, including infrastructure, technology, and financial services. Firms in many of the
outperforming economies face fewer regulatory and tax barriers compared with companies in
other countries, and this in turn encourages business creation and improved efficiency.
Outperformer governments have used pilot programs and experiments to test new ideas in a
variety of contexts, modifying and updating them as necessary and then scaling up policies that
work.”
8. .. with support of the state as visionary, risk
taker, investor and enabler
Policy
Up
stream
HR R&D Innovate
Incentive
&
Regulate
Cross
Industry
Demand
Creation
HYUNDAI:
STEEL RE-
ROLLING
POLYMER FOR
AUTO
RESEARCHERS &
VOCATIONAL
TRAINING
CHINA: AI,
ROBOTICS
USA PHARMA:
ORPHAN DRUGS
USA: DOD, NSF,
DARPA, NASA
CHINA: TORCH
INDIA: STARTUP
PACKAGE 2015
ISRAEL: YOZMA
MALAYSIA:
MAVCAP
CHINA: CLEAN
TECH
ELON MUSK: $4.9
BILLION
JAPAN, INC
USA: NANO,
SEMATECH
APPLE,
SONY,
TOYOTA
APPLE: SBA
GRANT
GOOGLE: NSF
GRANT
G-G, G-B unified platform to
provide real time monitoring,
analytics/AI, adaptation and
course correction
Requite HR being produced?
Innovation trajectory correct?
Incentive providing desired
result?
Editor's Notes
https://www.dawn.com/news/1427514/fixing-pakistans-financial-woes
"First, strengthen Pakistan’s financial and regulatory authorities.Third, modernise the financial system in order to reduce the incidence of tax evasion and money laundering.
In my view—and that of most contemporary economists, I believe—Schumpeter’s most original and most lastingly significant book was Theory of Economic Development, which appeared in 1911 (and was translated into English in 1934). It was at the University of Czernowitz, not far from the beginning of his career as an economist, that he worked out his conception of the entrepreneur,the maker of “new combinations,” as the driving force and characteristic figure of the fits-and-starts evolution of the capitalist economy. He was explicit that, while technological innovation was in the long run the most important function of the entrepreneur, organizational innovation in governance, finance, and management was comparable in significance.
I think that this is Schumpeter’s main legacy to economics: the role of technological and organizational innovation in driving and shaping the growth trajectory of capitalist economies.
It is possible to see Keynesian and Schumpeterian ideas as complementary. Keynes is about short-run economic fluctuations brought about by erratic variations in the willingness of investors and governments to spend; Schumpeter is about the long-run trajectory driven by the erratic march of technological progress. This complementarity only became clear later, after both men had died, when economic growth became an explicit objective of public policy and topic of systematic analysis. Schumpeter was left frustrated by the younger generation’s affinity for his rival. In any case, the “preliminary volume” never materialized.
The world turns. Today, some sixty years after their deaths, Schumpeter’s star probably outshines Keynes’s. The business cycle has receded in importance, partly because the large industrial economies have sprouted a more stable structure, and partly because the lessons that Keynes taught have been learned by central banks and finance ministries. Instead, long-term economic growth has moved to the top of the political and intellectual agenda, and that was Schumpeter’s topic. As Robert Lucas memorably put it, once you have begun to think about economic growth, it is hard to think about anything else. It is a pity that troubled old Schumpeter did not live to see the triumph of his obsession.
Robert Solow