Impacting people’s lives in emerging markets

through technology and entrepreneurship

Impacting people’s lives in emerging markets

through technology and entrepreneurshipImpacting people’s lives

24,565

This is the opportunity

GDP per capita

1,106559

1,098

24,565

2x

22x

GD

P p

er c

apita

(con

stan

t 200

0 U

S$)

Publicsector

Privatesector

Education GDP per capita

For every US$1 spent on education, US$10-$15 is generated in economic growth

Source: McKinsey Global Institute analysis

2010 2020

Unemployed

Unstable jobs

Stable jobs

34

241

107

382m

African illustration: Labor force by job status

35

308

161

504m

Publicsector

Privatesector

Over the next decade more than 1 billion young people will enter the global labour market

90% of new jobs are created by theprivate sector

Impacting people’s lives in emerging markets

through technology and entrepreneurshipentrepreneurship

Young companies create the most jobs (US example)

A new microenterprise A new SME High-growth SME becoming a large firm

2-3 jobs

20-30 jobs

200+ jobs

6%of the firms

= high-growth companies

>50%of new jobs and GDP growth

Impacting people’s lives in emerging markets

through technology and entrepreneurshiptechnology

Higher speed, higher reach

60% will be working in jobs that don’t exist yet

People per retail outlet

USA

APAC

90,000

1,200

**

** *

*

*

*

**

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*

"Never doubt that a small group of committed people can change the world. Indeed, it is the only

thing that ever has."