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Posts Tagged ‘McKinsey’

McKinsey just released a report titled “And the winner is…” [PDF] in response to the recent renaissance in the use of prizes to stimulate new and innovative ways to produce societal benefit.  As the number and size of these philanthropic prizes has grown, people are asking when these prizes should be used, and how they can be most effective – both questions addressed by McKinsey in this report.

The winner of one such philanthropic prize will be announced at this year’s Global Philanthropy Forum conference in Washington DC.  The Vodafone Americas Foundation is sponsoring a Wireless Innovation Project that seeks to identify and fund the best innovations using wireless related technology to address critical social issues around the world.  This competition will award three winners prizes of $300,000, $200,000 and $100,000 for unique, late-stage wireless innovations that offer the best potential for creating social change in the areas of education, health, economic development, the environment and access to communication.  We will announce the winner on the evening of Thursday April 23rd from the GPF conference.

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Martin Wolf, Associate Editor and Chief Economics Commentator for the Financial Times , joined us at the Council a few weeks ago to discuss the state of global finance.  In conversation with James Manyika of McKinsey, Wolf talked about the links between the microeconomics of finance and the macroeconomics of the balance of payments, demonstrating how the subprime lending crisis in the United States fits into a pattern that includes the economic shocks of 1997, 1998, and early 1999 in Latin America, Russia, and Asia.  The video below contains highlights from the talk, or you can click here to watch the full program.

Wolf continues his coverage of the financial crisis in the FT – including a great article from yesterday that outlines the pros & cons of nationalizing our banks.

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