Development & Education

Business innovation in developing countries

Gibson says in places like India, which he has written a lot about, he's seen unbounded optimism in business circles: "India has a can-do spirit ... India has a lot of problems ... 40% of the world's poor, dreadful pollution ... but India says 'let's turn that problem into an opportunity' ... and there are very good examples there of social innovation."

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He cites the Grameen Bank, which gives micro credit to the poor; and the Tata Nano, the world's cheapest car, costing a mere $2,500 -- as examples of India's social innovation.

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