fan 2013 year of MOOC & microeducationsummit & 170th birthday of The Economist
at time of bangladesh independence there weren't enough trained doctors to serve the cities - the gap was filled by brac training para health workers at a cost of less than 100 dollar per person
also several hundred thousand ladies were trained in such a way that they could sustain a small bsuienss out of each vilage
this was the first massive use of social buisness that has gone on to be the bigest gamechnaager in aid , girls empowerment and alleviation of extreme poverty
by focusing on affordable cures for infant and maternal helath, brac ended massive deaths in infancy - the culture changed so that village mothers no longer were expected to bear 10 children so that 2 boys could survive- this gave vilage mothers the opportunity to develpp their own income generation as brac redesigned at least 10 national markets to include the very poorest
Over the years other health programs have been integrated but the backbone of the whole of vil;lage empowerment across bangladesh can be viewed as the brac village health service- without this would bangladesh ever have become a world leader in partnership to end extreme poverty and all 6 of the top sgds as well as most others
bonus question did brac also create direct cash transfer (aka give directly)?
help us identify bracs 5 biggest stories before jack ma's chair at tsinghua ying lowrey spends a week at brac spet 30 to oct 6 -2018
extract from bio of ying lowrey
more of professor lowrey's bio
yes the name may have been different but brac did invent this kjind of giving which basically provides evidence to a donor of who gets aid with waht specific result
these days people talk about can big data be colected and small analysus done on it to make sure the aid and solution connect exactly -sir fazle abed's methid was simpler- he lived among the poorest and could experiment until a solution worked
the case in point which came before brac built the rural health system concerns oral rehydration - an infant who would otherwise die of diarrhea can be saved if the mother recogises the symptoloms adn mixes biled water salts and sugars in the right proportion
however peer to peer training of this concept acrioss a mainly illiterate population took several rehearsals- if brac had been a top gown aid organsiation it would have convluded nationawide training of vilage mothers in oral rehydration was possible- in this case unicef was the donor who paod brac for proving how many vilage mothers it had trained
so with bottom up hub desiogns- and two innovative new funding models bangladesh grassroots womens netirks traformed the market for aid - with models that are many times more effective efficient an ex[pandable than anything rich funders of aid had ever seen
this brings us to an inconvenenient questions- are the G7 (rich western naations) used to designing sustainable economic models- the answer if you look at hostry is no - in fact you could asay that the world wars were consequence of colonial economics being non-sustainable - -before tere was colonisation economies were aproxiately the size of their populations- at the height of colonialims aboiyt 10% of the worlds people owned a sixable majority of the whoel fincial economy
the stiry gets mire opeculair -while some say the term economics started with adma smit - most of adams main hypotheses are still today competelky abused by western economists
we should not be surprised that facing famine muhamad yunus tire up the western marcoc=evonomic theory book and took hois clsss outside to the vilages to innovate some solutions
both his gramen bank with its officai constitution in 1983 and brac which started in 11 years earler are wirtyh studying for every market they design to include the poorest livelihoods
Q is brac helping jack ma bank for the billion poorest women?
the answer would apear to be yes- and the fintech ecinomkic model that brac ;pioneered is caled bkash- even before jack ma took a 20% per cent share in bkash no less a judge that bil gates was saying bkash was probably the most promosing solution he had seen and that it could scale to offer digital banking to people who had previously been unbanked because theyu7 could only affors to strat banking with cents
jack is famous for creating lievelihoods with ecommerce and working out how to maimsie SME (chinaese taobao/vilage) involvement in every value chain ecoomerce can reach- he also was the first to use smart ohones to do digital paynets phine to pohone with alipay- so in jack ma and brac we have the worlkd's 2 smartest fintecg netwoirks concerned with unsing fintech to end poverty- what more culd happen when jack ma tours nearly 50 years of bangladesh as the world's number 1 klab for girls end poverty solutions
Q did brac help the UN understand that the 300 trillion dollars of most liquid finance is barred from investing in sustainability development goals as an asset class?
listen to this testminoy at the un june 2018 - the proble with fiacing the sdhs is the west 300 trillio dolars of most liquid assets isnt aloud to be dircted toards anything called sdg - and yes it was seeing how microfimnace in bangaldesh is done with more due diligence than any kind of westrn fiace which dat=red this former wall strre banker to pin this crisis down
full bio ying lowrey
Dr. Ying Liu Lowrey
MAJOR ACADEMIC CONTRIBUTIONS
2006-2007 Ewing Marion Kauffman Foundation Fellowship
Summer 2000 Asian Foundation Grant
1986-1990 Duke University Scholarship
1982-1986 Ford Foundation Fellowship
1991 Ph.D. in Economics, Duke University, Durham, NC
Dissertation: Macroeconomic Effects of Government Spending and Foreign Borrowing in an Open Economy: An Examination for Japan
1885-1987 1985 M.A. in Economics, Yale University, New Haven, CT
1976 B.S. in Mathematics, Wuhan University, Wuhan, P. R. China
03/2012-Present Professor of Economics, School of Social Sciences, Tsinghua University; Deputy Director of Tsinghua Research Center for Chinese Entrepreneurs
06/2015-Present Senior Economic Advisor and Member of Academic Committee of Alibaba Research Institute; Member of Academic Committee of Network Think Tank Academic Committee; Senior Researcher, Tsinghua Research Institute for Innovative Development.
09/2000-11/2011 Senior Economist, Office of Economic Research (OER), Office of Advocacy, U.S. Small Business Administration (SBA).
12/2006-12/2007 Senior Research Scientist, the GW Center for the Study of Globalization, George Washington University.
08/1999-08/2000 Assistant Professor of Economics and Program Coordinator of Women & Power in International Leadership, the George Washington University
01/1998-07/1999 Visiting Professor, Elliott School of International Affairs, the George Washington University
01/1992-11/1996 Instructional Professor, Department of Economics, San Diego State University
Text | Liu Ying
Professor of Economics, School of Social Sciences, Tsinghua University
Professor William Baumol has systematically introduced the theory of economic growth based on innovation and entrepreneurship into the field of mainstream microeconomics: the first is his 1993 book Entrepreneurship (Translation and Publishing of Wuhan University Press) The second time is the "Growth of Capitalism Growth in 2002 - Free Market Innovation Machine" (translated and published by CITIC Publishing House); the third time is the microeconomic theory of innovation that my colleague and I translated together. (will be published by Gezhi Publishing House).
These unremitting efforts come from Baumol's regret for life, that is, innovative entrepreneurs are the protagonists of creating modern technology and civilization. Economics lacks a highly abstract mathematical analysis and rigorous analytical derivation. He often quotes the British saying "there is no Hamlet of the Danish prince" to describe the situation in which mainstream economic growth theory ignores research entrepreneurs.
How much credit can be given to entrepreneurship for the unprecedented innovation and growth of free-enterprise economies? In this book, some of the world's leading economists tackle this difficult and understudied question, and their responses shed new light on how free-market economies work--and what policies most encourage their growth.
The contributors take as their starting point William J. Baumol's 2002 book The Free-Market Innovation Machine (Princeton), which argued that independent entrepreneurs are far more important to growth than economists have traditionally thought, and that an implicit partnership between such entrepreneurs and large corporations is critical to the success of market economies.
The contributors include the editors and Robert M. Solow, Kenneth J. Arrow, Michael M. Weinstein, Douglass C. North, Barry R. Weingast, Ying Lowrey, Nathan Rosenberg, Melissa A. Schilling, Corey Phelps, Sylvia Nasar, Boyan Jovanovic, Peter L. Rousseau, Edward N. Wolff, Deepak Somaya, David J. Teece, Naomi R. Lamoreaux, Kenneth L. Sokoloff, Yochanan Shachmurove, Ralph E. Gomory, Jonathan Eaton, Samuel S. Kortum, Alan S. Blinder, Robert J. Shiller, Burton G. Malkiel, and Edmund S. Phelps.
Eytan Sheshinski is Sir Isaac Wolfson Professor of Public Finance at the Hebrew University of Jerusalem. Robert J. Strom is Director of Research and Policy at the Ewing Marion Kauffman Foundation. William J. Baumol is Academic Director of the Berkley Center for Entrepreneurial Studies at New York University, and Professor Emeritus and Senior Economist at Princeton University.
we welocome connections with anyine who is active in wise because they wanted to undersrand livelihood education and the other innovatuons that sir fazle abed and brac gravitated as the firts laureate and alumni summit of iwse
here is a converstion we have been exploring with team leaders around the 6th wise laureate
13 institutions were represented at last year’s Education Collaborative, but unfortunately none were South African and Taddy Blecher’s was not among them. This year, the organizers of the Collaborative hope to attract more international participants and make the event truly Pan-African. The Ashesi University Foundation is located in the United States and is not involved with organizing the Education Collaborative; however, I will inquire about Taddy’s university during my next conversation with my colleagues in Ghana and suggest that he be invited to this year’s event.
Program Assistant | Ashesi University Foundation
please help us edit these draft notes on jack ma interests
MA0 Fintech for billion poorest? Fintech for sme ecommerce markets; ecommerce training with chinas major belt road partners – understand regoinal clusers sco, Asian infrastructure bank, belt road summit may 2019
MA1 Road to olympics- celebrating community participation markets that commerce alone cant reach BR1 Japan BRO Beijing BR5 Paris
MA2 By March 2019 UN report for Guterres with melinda gates on digital collaboration
MA3 Forming Alibaba global buisiness school includes training big data small coders from developing nations- main scout head of UNCTAD- but how do we help ma scout in countrues head of unctad doesnt know (eg round south asia)
MA5 Ying Lowrey also connects many partnerships within Tsinghua main public servant training university- gateway to beoijing startup hib linked with all supercities
MA6 Jack also chairs busininss men club of billionaires who want their market to sustain china- it is posible to go tjrough with yig rfeview every market futures purspoe maximise to poverty aleviation
MA7 Jack has said from olympics on he will focus on taking education as the main challenge- unless we take education outside classroom more than half of youith both unemployable and not aliogned to being the sustainability generation
Jack has many framgmeetd education charities- including those working in Taobao village education – also one of hius obscure foundations a sponsor of wise at Beijing
Also 0.3% of AliBaba revenues put into green fund
Most summers jack organizes a summit in Hangzhou where people like jim kim tirn up regulary – 2017 womens empowerkment – 2016 philanthopy or social business- in octiber world bank issue its main 2018 report - chosen theme livelihpoods
In 2017 China had 5 million startup- many were associated with the 3 main ecosystems Alibaba , tencent, baidu- all ecosystems expected to brief jinping -usually there is annual meeting at tsinghua where public servants meet tech and otthe business leaders
Jinping asked jack to host the china G20 hangzhou- jack spent lot of time with relevant citizen group – women youth sme green finance- these get reactivated when g20 host interested – germany wasnt- we assume franciscan argentina this november is; we assume japan is and part of road to Olympics and anyhow japan remains Alibaba founding investor
Canada has been one of the movers of g20 and trudea has parynered jack a lot – one freason why jack and truedeau demonstrate 3000 person one day taiming masterclass www.gateway17.com
MAY 2019 deadline update 100 nations collabortaion Belt Road 2 -China wished to understand which clusters of nations want to partner on which sustainability goals- jack is a leading svout of this- his big advantage is big data analusis applied to small enterprise and redesigning value chains- it would seem that ma, gates and brac are all watching for national partners in big data small -one of the lose ends is Nilekani billion person identity- we need help from tech experts to understand what Alibaba owns that can be key – eg in south asia it still owns the most common type of browser uses cheaper mobiles- in china jack’s fintech and ecommerce keeps ahead on g5 or most advance digital infrastructure- bkash is an interesting blend being targeted at mpt3 and 2?- please note we need to understand how the world’s greatest fintech experts at ant finance and bkash interface with all of jack ma’s and brac partners other interestsi hope it is clear that if someone like mark attends then many of the abpove issues multiply not just across brac and ma but across the UN- even if mark does not attend the issue of how does brac get into hilevel guterres netoirks is an urgent one