by Kim Wilson, CEME Senior Fellow
In the olden days, awards were not given for innovation itself but for how effective an innovation was in relation to the importance of the problem it solved. But what we see today in financial inclusion is the ubiquity of innovation – often front and center – as the lead determinant in a plethora of prize competitions. Check the first judging criteria of this prestigious contest.
Why would the entity commissioning the award, The Wall Street Journal, care about how innovative or unique the business was or how it broke from tradition? Wouldn’t it care most about how well the service solved a problem and the problem’s significance?
Read the entire post at Accion’s Center for Financial Inclusion Blog
Europe’s Other Crisis: A Digital Recession
You may have heard that Europe is in a state of crisis. This has nothing to do with an influx of refugees, or Greek debt, or even the future of the European Union. The crisis we speak of has even more severe consequences for Europe’s global competitiveness. In our research on the state and pace of digital evolution worldwide, we have found that the old continent is in the midst of a “digital recession.”
Read the full piece from Dean Chakravorti and Ravi Shankar Chaturvedi in Harvard Business Review
We’d like to welcome our distinguished Senior Fellows from the Council on Emerging Market Enterprises (CEME) back to the Fletcher School. Our fellows are world-renowned experts in their fields and a vital part of all the work we do here at IBGC, wearing many hats alongside us, from advisors to project directors and much more. They are on campus today for the groups biannual meeting to bring together all their work and find new ways of looking at the ecosystem and interplay of the global economy.
These senior fellows are regional and thematic thought leaders on a range of globally impactful issues — international finance and global capital flows, financial inclusion, Indian consumerism, innovation and entrepreneurship, urbanization, managing in complex environments, among others. CEME Fellows contribute to and lead research initiatives at the Institute, working with students to bring the latest in contextual thinking to the challenges and opportunities of operating in emerging markets.
Learn more about these prestigious fellows and all the exciting work they do
How exactly can business go about implementing, innovating, and profiting from such sustainable and inclusive activities? How do we define success? Where do practitioners start?
We at Tufts Fletcher School’s Institute for Business in the Global Context are pleased to share the first in a series of three reports that seek to explore precisely these questions. Our first Inclusion, Inc. report draws upon a year of research, conversation, and dialogue to introduce the diversity of approaches, pilots, and programs currently underway.
Read the Report Online
We hope you read it and join the conversation yourselves. We look forward to your ideas.
Car Wars: Can the phantom menace win or will the empire strike back?
The auto industry is on a collision course with the forces of digital disruption. You may think you have seen this movie before. After all, so many other century-old industries have collided and crumbled. This collision may, however, be different, with forces more complex on either side than those that took down Kodak or Blockbuster. Consider five forces of change that may well constitute the phantom menace in the Car Wars saga.
Read the full op-ed from Dean Chakravorti in The Washington Post
by Steven Koltai, CEME Senior Fellow
I couldn’t help but cringe when I saw the video of the Hungarian TV camerawoman deliberately tripping a fleeing refugee carrying his two-year-old-ish child across the Serbian/Hungarian border. Almost exactly 60 years ago, I was a two-year-old-ish child being carried by my father fleeing across the Hungarian/Austrian border during the 1956 Hungarian Revolution. That picture told a thousand stories.
Like any people, there are wonderful, kind, moral, and ethical Hungarians. There are also deeply bigoted, xenophobic, irredentist, “un-Christian” Hungarians. Hungary has been on the wrong side of history for centuries. This is largely the explanation for why it is one-third of its “normal” geographic size and probably about the same for what would have been its “normal” population. What is especially tragic – besides being the poster child for history repeating itself – is that the refugees pouring in to “Old Europe” are actually precisely the sort of new energy and lifeblood that waning countries like Hungary need to revitalize their economies and their cultures.