What happens when low-income people's disposable income increases?
The base of the pyramid as we knew it ten years ago has changed tremendously. Latin America and the Caribbean’s economic growth between 2000 and 2010 benefited many in the region, from top to bottom. Millions of people emerged from poverty, and the segment of those living on $4-10 a day grew considerably. More than 400 million people in Latin America live at the base of the pyramid (BOP) today. They represent a $760 billion market annually. The Inter-American Development Bank's BASE III Forum will be this year's opportunity to discuss how to tap into this unexplored market and have an impact on low-income people's lives. It will take place in Mexico City on June 29-July 1.
On International Happiness Day, Let’s Think about Women in the Workplace
“Happiness is an inside job”, said author John Powell. Well, here’s breaking news: as pretty as it sounds, there are some external constraints to happiness for more than half the world’s population. Let’s start with some of the issues that women face in the workplace, as well as three ways to start turning these around:
3 Ways CEOs can address the Gender Wage Gap
In her Oscar acceptance speech heard around the world, Patricia Arquette challenged people of color and the LGBT community to help fight for wage equality for women in the United States, the same way these women stood with them in their fights for equality. Ironically, Ms. Arquette was addressing the Oscars’ most homogenous group of attendees, and one that was not reflective of the movie industry’s diverse consumer base.
Women’s Entrepreneurship Day: Smart companies, pay attention
On November 19, 2014, the United Nations launched Women’s Entrepreneurship Day. This day reminds me of a newspaper article I read eight years ago that changed my life. It stated that, although more Jamaican women (70 percent) than men were graduating from higher education institutions, they had a significantly higher unemployment rate -15.6percent and 5.7 percent respectively-. As a Jamaican woman then working her way through university, it marked my professional path forever.
STEM minus Women = Private Sector Problem
By Kristin Dacey & Sanola Daley* Math and Science are for Men Women are not smart enough to be engineers. Women are not good at math. Isn’t this why globally men earn 70% of doctoral degrees in mathematics and the world rejoiced recently that a woman – Maryam Mirzakhani –won the top prize in mathematics for the first time?
Eight ways women can lead with passion
I have to be honest. Until very recently, the words “leadership” and “passion” were not part of my generation’s lexicon. Having to use them together in a sentence, I for one was flat out uncomfortable. Thanks to conversations about "leaning in," the "quest for perfection" and "why women still can't have it all," a dialogue was started - albeit at a bit of a distance from Latin American and the Caribbean professionals. At the IDB headquarters in Washington, DC, the Vice Presidency for the Private Sector sought to bring that dialogue closer to home. Over a hundred colleagues and I attended a conversation with Inez Murray, CEO of the Global Banking Alliance for Women. The personal insights shared left staff smiling, debating and, most importantly, reflecting.