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“Nearly Eighty Percent of Our Money Doesn‘t Care about How It Generates Its Returns!”
This post was produced for the Global Economic Symposium 2013. Read more at http://blog.global-economic-symposium.org/. Martin Rich, an ex-investment banker currently with Social Finance, talked about the need for a change in mindset about investments. The major shift that perhaps defines the twentieth century is this: money has replaced people as […]
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Catastrophe bonds: Financial innovations insuring against severe climate events (or high-loss level events)
This article was originally drafted by Fernando Prada and the FORO Nacional Internacional as part of the Rockefeller Foundation’s Searchlight Process. For more Searchlight content on futurechallenges.org, please click here. The vulnerability to natural disasters of communities in Latin America and the Caribbean is increasing, yet governments are prioritizing responses to disasters rather than prevention. Catastrophe bonds, […]
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Climate Change Crisis: Cheap Today, Expensive Tomorrow
Since the very first moment I opened my eyes in this world, I remember financial crisis existing in my common surroundings. Crisis in my home country of Mexico, crisis in my hometown, and crisis in my family. Sadly, this tiny word that causes a lot of hassle exists in almost […]
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Energy Efficiency: An Introduction to a Golden Opportunity
As cities around the world continue to grow, so too will their unquenchable thirst for energy. Meeting this demand will be challenging, especially if we’re going to do so in a manner that is both cost-effective and sustainable for future generations. The challenge is particularly potent for small businesses, for […]
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Finance Companies send remittances too!
We all know that immigrants send money home, but did you know that large corporations and international enterprise do the same? They start their businesses in the developing world and then they leave with all the resources and most of the profits – though they also increase the socio-economic standards […]