Economic Development

Focus On: Economic Development

Global Financial Inclusion

This volume of four articles draws on our work to overcome the barriers to full financial inclusion across a range of industries and disciplines— including financial services, telecommunications, consumer marketing, logistics, philanthropy, and economic development. Read more

Key Insights

McKinsey-Devex survey results: Measuring development agency effectiveness

An economy that works: Job creation and America’s future

A factbase and policy framework that adds to the national conversation about jobs in the U.S.

McKinsey on Africa: a continent on the move

An anthology of provocative essays and interviews about Africa.

360million
by
2012Today, only about 45 million people without traditional bank accounts use Mobile Financial Services, but we expect that this number could rise to 360 million by 2012 if mobile operators were to achieve the adoption rates of some early movers.
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More on Economic Development

How to Compete and Grow

Developing-country governments have an important role to play in creating an environment for economic growth. The best results happen when those efforts are tailored by industry sector.

Supply Chains Matter: Lessons from Haiti

Even the most efficient organizations are ill prepared for earthquakes and similar disasters. Our experience in Haiti and other disaster zones suggests that seven lessons about management, processes, and networks can make a difference when lives are on the line.

Growth, Colombian Style

Colombia’s example shows how faster economic development can result from collaboration by the private and public sectors to orchestrate microlevel reforms and foster innovation to compete in global markets.

Two trillion and counting

Assessing the financing gap for micro, small, and medium-size enterprises in developing countries.

Can social entrepreneurs create large-scale change?

A What Matters collection of the latest global thinking from outside experts and McKinsey consultants.

The Business of Empowering Women

This report presents a case for why and how the private sector should intensify its engagement in the economic empowerment of women in developing countries.

Global financial inclusion

Achieving full financial inclusion at the intersection of social benefit and economic sustainability.

Inclusive growth and financial security

Discussing the potential for the adoption of an electronic payment system in India, which could reduce payment inefficiencies estimated to be Rs. 1 lakh crone annually (US$22.4 billion).

Creating change at scale through public-private partnerships

Lessons from an innovative financial inclusion partnership in Mexico that created a platform to provide access to government benefits and financial services for the hardest to reach of Mexico’s rural poor.

Changing the fortunes of America’s workforce

A comprehensive study of the causes of income dispersion in the United States and the growing human capital challenge.

Half the world is unbanked

New research finds that more than half the world’s adults do not use formal or semi-formal financial services to save or borrow.

New vistas in financial services: Lessons from international experiences

In India, there are a number of areas where innovation can encourage private, public, and social sector participation in order to take financial inclusion to scale.