Business innovation in developing countries

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Published 17 May, 2008 02:56:00 The World

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Author Rowan Gibson talks about how businesses can encourage innovation even if their host countries don't.

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."

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.

PRI's "The World" brings one-of-a-kind international stories home to America. Each weekday, host Lisa Mullins guides listeners through major issues and stories, linking global events directly to the American agenda. The show is produced by BBC World Service, PRI, WGBH Radio Boston, and distributed nationwide by PRI.

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