In developing countries, there are many other firms with good ideas that can both address a social challenge and earn profits. However, the vast majority of small business entrepreneurs lack access to resources they need to thrive.
At least once a day at work (and all too often at cocktail parties), I have the opportunity to explain to a newcomer in my field why I think small and growing businesses (SGBs) are key to long-term poverty eradication in developing countries.
Imagine a country where your future does not depend on where you come from or what color your skin is. And imagine if there was a statistical tool to guide governments in making that a reality. There is.
The search for financial stability, through regulatory or macroeconomic policy, is just beginning. Should developing countries wait for new global standards to emerge, or tailor their own regulatory strategies?