MIT’s Zeynep Ton explains the theory behind the Good Jobs Strategy.
Richard Florida interviews Zeynep Ton- “Too many service companies — and too many Americans, for that matter — buy into the line of thinking that the only way for restaurants, retail, and other service companies to profit is to pay the lowest possible wages. As she explains, “in service industries, succeeding at the expense of employees and at the expense of customers often go together.”
But it doesn’t have to be that way. The world’s leading high-performance manufacturing companies already pay their workers more in return for tapping their knowledge and ideas to improve processes. Ton shows that even in supposedly low-skill service sector work, higher wages are the key to greater employee engagement, better customer service, higher productivity, and a better bottom line.”
See on www.theatlanticcities.com
Development as diffusion: manufacturing productivity and Sub-Saharan Africa’s missing middle / CGDEV.org White paper
Article by Geld, Meyer, Ramachandran -
“.. .we address the political economy of the complex and often difficult relations between government and business in small concentrated SSA economies. In this context, we consider the incentives to reform the business climate. On the side of government, one strand of analysis argues that the distinctive historical process of SSA state formation has not created strong incentives for states to develop the social contracts needed to underpin effective states or to acquire the capabilities needed for effective management of the economy. As a compounding factor, the small size of most SSA economies has led to high concentrations of market power and to powerful groups, often with close relationships to governments and an interest in preserving the status quo. This has resulted in high de facto barriers to entry and expansion and has thus slowed efforts to reform. A third influence on convergence is ‘agency’, the characteristics of few leading firms, and the processes through which they have acquired their knowledge of market opportunities and production.”
See on www.cgdev.org
The old labels no longer apply. Rich countries need to learn from poor ones.
DEveloping countries – “It’s time that we start describing the world as “fat” or “lean.” - “Lean” societies approach consumption and production with scarcity in mind. In the so-called least developed nations of sub-Saharan Africa, where the gross national income averages just $2,232 per capita, populations are young and hungry — at times for food, but mostly for opportunity. Nothing can be taken for granted or wasted. But resource constraints have provoked an astonishing bounty of homegrown solutions to the problems philanthropists like Mr. Gates address with charity. If necessity is the mother of invention, lean economies have a distinct advantage.
In Lagos, Nigeria, a three-story schoolhouse rises above the waters in Makoko, a fishing hamlet floating on the city lagoon. Made from simple recyclable materials, the school embodies climate resilience and appropriate technology — and educates 100 students daily.
In Khayelitsha, a poor township in South Africa, a stack of repurposed shipping containers serves as a health clinic. Lynette Denny, an obstetrician in Cape Town, uses them for cervical cancer screenings. Her staff does “everything but operate” in the containers. Dr. Denny sees 20 to 30 women each afternoon.
Meanwhile, start-ups in Africa measure their seed-funding rounds in comparatively modest figures. M-Pesa, the mobile-phone banking juggernaut now used by 86 percent of households in Kenya, began with investments of about £900,000 (about $1.5 million) from Vodafone and the British government. Despite lacking the resources richer economies take for granted, similarly lean ventures generate billions of dollars south of the Sahara. – So what makes an economy “fat”? The United States is a prime example. Plenty is normal. Gross national income is close to $50,000 per person.
See on www.nytimes.com
BRICS account for 43 per cent of the world’s population.
BBBEE, SA- “BRICS account for 43 per cent of the world’s population, around 18 per cent of GDP and 40 per cent of currency reserves, estimated at around $1 trillion.
“There is a greater need for BRICS Member States to commit to the United Nations Conference on Sustainable Development (Rio+20), to systematically consider population trends and projections to national (rural and urban) development strategies and policies,” Dlamini said.
BRICS share similar demographic challenges, including migration, declining fertility rates, rising life expectancy, ageing population and changes in production and consumption patterns.
A new international report published last week says Indian and Chinese agricultural population grew by a whopping 50 per cent and 33 per cent respectively between 1980 and 2011 while Africa’s grew by 63 per cent. – Meanwhile, the BRICS meet in Mpumalanga also highlighted the challenges BRICS face in women’s economic empowerment, political leadership and participation in decision-making.
See on thebricspost.com
South Africa’s low-tech design, the Light House provides innovative solutions to core informal settlement problems.
low-cost- “While it might take many decades into South Africa’s budding democracy for these conditions to be reversed, an innovative solution to most of them lies in the form of a low tech design and settlement restructuring project by local sustainability designers Andrew Lord and Stephen Lamb of Touching the Earth Lightly.
Through a community-led design approach, the project aims to upgrade temporary shelters into dignified, inhabitable and safer homes through its pilot prototype the ‘Light House’. The design relies on nature-based, human-hearted design solutions. According to co-designer of the Light House’, Stephen Lamb; “design is a dialogue between equals. We are just here to facilitate this process. The result is the sum total of the expressions of community need.”
See on www.idgconnect.com
As executive chairman of Templeton Emerging Markets Group, Mark Mobius has connected the dots allowing international investment in foreign markets.
Mark Mobius- “More recently, as investors move away from emerging markets, Mobius remains confident in the long-term value of emerging market investing. In a Jan. 30 blog post he explained, saying:
“The bottom line for emerging markets, as I see it, is that the long-term investment case hasn’t dramatically changed. And I don’t see it changing as long as these three themes remain in place: emerging markets’ economic growth rates in general continue to be at least three times faster than those of developed markets; emerging markets have much greater foreign reserves than developed markets; and the debt-to-GDP ratios of emerging market countries generally remain much lower than those of developed markets.”
See on www.smartplanet.com
Africa’s growth potential coupled with its burgeoning middle class will provide African SMEs with many opportunities, says Charles Brewer.
See on business.iafrica.com
innovation - ICT, India -
“For every 100 people in rural India, there are more than 40 mobile-phone subscriptions (compared with 139 in the cities). Of the 900 million telecom subscriptions in India, 97% are mobile connections, according to Indian authorities. - The mobile brought disruptive change to an industry that’s rather old. India’s telecom sector is still governed by the Indian Telegraph Act of 1885. Landline phones grew from zero to 30 million in a century. Mobiles have grown from zero to 870 million in 18 years.
- India has the third-largest Internet population, after USA and China
- 97% of India’s 900 million phones are mobile
- Four of the 13 members of Google’s management team are of Indian origin
- 70% of India’s $100bn information technology and business process outsourcing (IT-BPO) industry is made up of exports
India’s infotech industry isn’t as old as telecom, but it still clocks in at over three decades. The digital or web industry is much younger.
See on www.bbc.com
Millward Brown BrandZ Top 50 Latin American Brands 2013 Mexican beer brand Corona is the most valuable Latin American brand, according to the second annual B…
LatAm top 50 brands – Infographic
See on www.slideshare.net
Page 109- African Business and Economy News Business, Economy and Infrastructure
regional trade agreements – Angola
See on www.skyscrapercity.com