Financial inclusion has become a buzzword for governments intent on tackling poverty and inequality among their citizens. India's Prime Minister Modi just announced that he wants to end 'financial untouchability' with an ambitious target to provide most households with a bank account in a matter of months.
In the past five years, the global economy has experienced some of the most phenomenal uncertainties in its history. Yet we are already on the path to recovery. If you look at global trends between 2008 and 2013, it's easy to see the world is once again becoming a busy producer of goods. Exports are on the rise, and with them global GDP indicators.
Life is all about the balance between risk and reward; what could I suffer for what I desire? Get to where I want to go quickly and take a dangerous shortcut or maybe take the path that most travel and just be happy to get there safely. This balance of loss versus gain is what drives investment more than anything.
So, what is really happening in the Northern hemisphere? Why are nations referred as developed, in huge trouble? Is it because of the rise of China and India; the end of colonialism, and progressive coming to an end of neo-colonialism; and the decryption of western technological secrets by some emerging markets, leading to a new world economic order?
Education will give women a greater ability to contribute to the economy, it will help them set up their own businesses, climb the corporate ladder and increase their representation in politics. Access to the education asset is essential in tackling gender inequality and multinational corporations have a proactive role to play.
The finance minister of Chile, Felipe Larraín, recently wrote an important article about the role countries like his are playing in the new global economy.
Each year, 9 December is recognised worldwide as International Anti-Corruption Day. The year 2011 however is especially significant as we've seen corruption make it to the very top of the political agenda.