Inclusive Growth

Nigeria’s MAX goes from strength to strength as milestones rack up

October 5, 2016

Disrupt Africa

It has been quite a year for Nigerian e-courier startup Metro Africa Express (MAX), which only formally launched in August of 2015.

Since then the startup, which was formed at the Massachusetts Institute of Technology (MIT), has been named runner-up at the TechCrunch Startup Battlefield event in London and named a “Top 12 Global Inclusive Growth Idea” by the World Economic Forum (WEF) and the Harvard Center for International Development.

It followed that up by becoming the first African team to gain admission into the Techstars startup accelerator...

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Exploring the Uncharted Export

November 30, 2016

Michele Coscia

Exporting goods is great for countries: it is a way to attract foreign currency. Exports are also fairly easy to analyze, since they are put in big crates and physically shipped through borders, where they are usually triple checked*. However, there is another way to attract foreign currency that escapes this analytical convenience. And it is a huge one. Tourism. When tourists get inside your country, you are effectively exporting something: anything that they buy. Finding out exactly what and how much you’re exporting is tricky. Some things are easy:...

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How Mastercard’s “Data Philanthropy” Program Is Tackling The Global Financial Information Gap

September 28, 2017

Fast Company

The whole idea of corporate philanthropy is pretty straightforward: A large company becomes profitable enough that it sets aside a certain sum each year to funnel toward the charity or cause of its choosing. Despite the fact that this formula has come under fire for serving as a cover-up for companies whose...

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Yuwa Hedrick-Wong

Yuwa Hedrick-Wong

Former Chief Economist, MasterCard Center for Inclusive Growth

Yuwa was formerly an HSBC Visiting Professor of International Business at the University of British Columbia, Canada, and a Global Economic Advisor of...

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Research Report Sheds New Light on Economic Impacts of Tourism in Colombia

June 20, 2016

Bogota – Against the backdrop of the World Economic Forum (WEF) meeting in Medellin, MasterCard released a new analysis of foreign tourist spending in Colombia based on research conducted in collaboration with the Center for International Development (CID) at Harvard University. The analysis reveals rare insights on the economic benefits of tourism, and the role of payment acceptance in driving more inclusive growth.... Read more about Research Report Sheds New Light on Economic Impacts of Tourism in Colombia

Shanghai skyline at night

What Should We Do About Inequality?

December 16, 2015

By Ricardo Hausmann (originally published in GrowthPolicy)

Inequality is the result of many different phenomena. Some of them should be a source of policy concern while others should not. My main problem is the inequality that arises from differences in productivity—namely, differences in productivity across regions, across cities, within cities and across social groups. We know that there are huge differences in income across countries of the world: the richest countries are 200 to 300 times richer than the poorest countries in per capita terms. That’s inequality at the global scale.... Read more about What Should We Do About Inequality?