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."