The Power of Good Credit (Growing jobs in emerging markets)

Co-Chair

Trey Loughran
President, Personal Information Solutions
Equifax
United States of America

Jan Rielaender
Economist
Organisation for Economic Co-operation
  and Development (OECD)
France

 

 

Session Leaders

Michael Blake
Senior Advisor
Green For All
United States of America

Carlton Brown
President
Clark Atlanta University
United States of America

Dara Duguay
Executive Director
Credit Builders Alliance
United States of America

Michael Hill
President
Atlanta Metropolitan Black Chamber of Commerce
United States of America 

James Hansen
Regional President
PNC
United States of America

Brian McGowan
President and Chief Executive Officer
InvestAtlanta
United States of America

Megha Mukim
Economist
The World Bank
United States of America

David Smith
Senior Vice President, Commercial Banking
The PNC Financial Services Group
United States of America

Barry Wides
Deputy Comptroller, Community Affairs
Office of the Comptroller of the Currency
United States of America

Antwan Wilson
Assistant Superintendent of Post-Secondary Readiness
Denver Public Schools
United States of America


The 2013 Global Summit working group sessions will provide private sector best practices and public sector policy building blocks necessary for expanding Silver Rights, free enterprise and capitalism for all. Working group sessions are led by co-chairs and session leaders in breakout salons where summit delegates, representing over twenty-five (25) countries from the; community, faith, private and government sectors will share thoughts and best practices under the theme Global Economic Recovery: How the Poor Can Help Save Capitalism.

The Global summit working group sessions will focus on “solutions-only” dialog that will result in promising ideas, strategies and policy recommendations to G20 leaders. The 2013 Global Summit working group session topics will consist of:

1. Banking the Unbanked: One Size Does Not Fit All
2. Making Finance Mobile:  Banking with Any Device, Anywhere for Everyone
3. Youth Economic Energy and Understanding the Entrepreneurship Paradigm
4. The True Cost of Disaster Preparedness – Unprepared and Prepared
5. Building a Framework for Change Through Philanthropy
6. Sustainable Finance (Access to Capital)
7. The Power of Good Credit, (Growing jobs in emerging markets)
8. Building Wealth through Homeownership, Post Crisis

 

The Power of Good Credit (Growing jobs in emerging markets)

The past decade has brought remarkable changes in the ‘power of credit’ and the emerging jobs market.

A monumental shift in the economic balance of power is already radically changing how and where we conduct business. Many would argue that the term ‘emerging’ may no longer always be appropriate. A large part of emerging markets have already “emerged” and are soon due an adjustment in term and status. With the debate over choice of words aside, emerging markets have become integral players in the world economy. As economic growth has slowed in the US and Europe, over the past decade, it is critical for exporting businesses to understand the opportunities and challenges that these “new” markets provide. As a result of that understanding, implementation of effective and global business development strategies becomes the mandate.

Small businesses are a crucial source of jobs that employ about half of all workers, according to the Bureau of Labor Statistics. Studies also show, that only a small portion of these businesses experience rapid growth nor do they generate a substantial amount of new jobs. The vast majority are mom-and-pop operations — hair salons, restaurants, bookkeepers, car repair shops — that grow slowly and shed about as many jobs as they create. Small businesses are faced with a number of challenges today that are preventing them from being the vehicle for growth that is urgently needed. There are tens of thousands of small business owners around the world.  In every part of the world, there are many challenges threatening their ability to thrive.

Examples of these challenges range from; a business’ inability to access credit to finding appropriately skilled workers.  The combination of new technologies and the innovation that small businesses can introduce to the global economy has created a time of tremendous opportunity