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Are development experts tackling the wrong problems?

№1 among the 2030 global Sustainable Development Goals is “end poverty in all its forms everywhere.” Efosa Ojomo at the Clayton Christensen Institute for Disruptive Innovation says we’re going about it all wrong. The current emphasis on poverty alleviation, versus prosperity creation, means that “while we might alleviate poverty, we don’t do much else,” Ojomo says.

Will the next 20 years be defined by ‘islands,’ ‘orbits’ or ‘communities’?

Looking back from about 2030, the National Intelligence Council sketched our collective choices in its unclassified global trends report earlier this year. The report’s three scenerios lead to widely disparate outcomes. Will the next 20 years be defined by ‘islands,’ ‘orbits’ or ‘communities’? Islands. An economist looking back from 2028, two decades after the 2008

Crunch time for the owners of the universe

The history of the 21st century will show that early in the second decade, pension and sovereign wealth funds that own the world’s largest pools of assets started slowly but decisively to shift their capital toward a low-carbon, socially inclusive, sustainable future. The $70 trillion question is whether such “universal owners” will double down on

Put Americans to work. Get them to work: Transit infrastructure’s double dividend

Not all infrastructure is created equal. The Trump administration is floating ambitious plans for bridges, roads, airports, to be financed through tax credits and expedited through environmental approvals. Democrats have their own $1 trillion proposal. Both claim to help put Americans to work. But what about the infrastructure Americans need to get to work? Investments

Inclusive Development Index: Measuring What Matters

Call it the Norway model. A new economic measure introduced at the World Economic Forum suggests inequality is not a natural byproduct of globalization, but a choice countries make through investments and priorities. The Inclusive Development Index shifts the evidence of a nation’s economic health from gross domestic product to living standards. GDP, a commonly used

“Global goals hotspots” represent a $12 trillion annual opportunity

A new report, “Better Business, Better World,” identifies 60 specific opportunities, including low-income food markets, public transport in urban areas, energy storage and telehealth, that could account for 10 percent of global GDP and create 380 million new jobs by 2030. Affordable housing alone could account for 20 percent of the total. Altogether, four sectors central

New Nigerian development bank aims to fill small-business credit gap

Nigeria, with the largest economy in sub-Saharan Africa, is launching its own development bank. The Development Bank of Nigeria, conceived in 2014, is now capitalized with $1.3 billion from the World Bank, KfW, the African Development Bank and the Agence Française de Development. The bank aims to lower borrowing rates and lengthen loan tenures for