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Cameroon
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The International Institute for Caring (IIC) works to change the lives of marginalized and underprivileged families in Africa to become self-sufficient and contributing members of their communities. We advocate for justice and human rights and facilitate access to education, mental health, and economic services, to those in need by ...See More connecting people to existing resources in the community. The services that we provide are free of charge and open to anyone with barriers to opportunities. Show Less
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India
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Economy, Poverty
Designed in Chicago and handcrafted in India, CAUSEGEAR’s mission is to transform the lives of one million people trapped in unfathomable poverty
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United States of America
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The Foundation of Hope promotes scientific research aimed at discovering the causes and potential cures for mental illness in order to develop a more effective means of treatment. We are committed to raising community awareness and supporting effective treatment programs.
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Cambodia
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Education, Family, Economy, Poverty
Printing original design fair trade t-shirts as well as custom group orders in Phnom Penh, Cambodia. Buying shirts from Justees directly benefits the young men who work in the printing shop so they can continue their schooling.
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Nicaragua
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Economy News

Forbes 
Zhou Xiaochuan, Governor of the People's Bank of China, speaks during the 32nd Annual Group of 30 (G30) International Banking Seminar in Washington, DC, on October 15, 2017. (SAUL LOEB/AFP/Getty Images). Talk about the stars being in alignment. See more..
CNBC 
By intermittently pegging their currency to the dollar, and closely managing the dollar-yuan exchange rate, the Chinese, in fact, had adopted the dollar as an instrument of their prodigious economic achievements. It was not the yuan but the dollar that ... See more..
New York Times 
But a surging economy does more than generate greater income. An industrial economy also pumps out more air pollution as more goods are produced. Polluted air, it turns out, is a major contributor to the mortality-increasing effect of an economic boom. See more..
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CNBC 
Strategist Jim Paulsen says he's worried that economic data could stop supporting the stock market's bull run. "Economic surprises I think are going to get as high as they're going to get," Paulsen says. Paulsen also says a "chronic wall of worry ... See more..
Bloomberg 
Even after eight rate cuts since the beginning of last year, the economy is struggling to fire up: loan growth remains muted, while the central bank expects low inflation to linger for some time. The picture is made more complex by a wide divergence in ... See more..
Bloomberg 
Don't celebrate too soon. That was the key message as policy makers and investors left Washington on Sunday after attending the annual meetings of the ... See more..
Seattle Times 
WASHINGTON (AP) — Federal Reserve Chair Janet Yellen on Sunday sketched a bright outlook for the U.S. economy and for inflation prospects in coming months, saying the impact of the recent hurricanes will likely slow economic growth slightly but only ... See more..
New York Times 
WASHINGTON — Janet L. Yellen, chairwoman of the Federal Reserve, said on Sunday that the American economy was in good health in an upbeat assessment that reinforced expectations the Fed is planning to raise its benchmark interest rate later this year. See more..
Marketplace.org 
My Economy tells the story of the new economic normal through the eyes of people trying to make it, because we know the only numbers that really matter are the ones in your economy. Today's installment is from Irwin Kwan, a user experience designer in ... See more..
Roll Call 
DES MOINES, Iowa — Democrats in the Midwest know that the way to win back voters in states like Iowa is to talk about the economy, but they're debating how exactly to do it. As a state that can make or break presidential campaigns, and one that had ... See more..
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Overview

Income inequality is very high across the world—20% of the world’s population control nearly 70% of the world’s wealth.1 The Gini coefficient refers to income distribution across a country; the higher the Gini coefficient for a country the higher the income inequality, and the lower a country’s Gini score the more equitably wealth is distributed in the country.2  Latin America is the region with the highest Gini score, indicating high levels of inequality.3 While sub-Saharan Africa is also highly unequal, the region has reduced its Gini score by several points since the 1990s.4

The International Labor Organization estimates that nearly 202 million people are currently unemployed worldwide.5 In 2012 6% of the world’s total workforce was without a job.6 About 35% of the world’s unemployed have been out of work for six months or longer, and 13% of the world’s population under the age of 24 is currently without work.7 The 2008 economic recession significantly increased the global unemployment rate, and in 2007 around 178 million people were unemployed, as opposed to over 200 million in 2014.8

Only 10% of the global population has access to traditional banking or means of attaining loans, savings accounts, credit, or other financial services.9 Poverty, service fees, and travel distance all inhibit over 2.5 million adults around the world from accessing banks or financial institutions.10  Microfinance is becoming an increasingly popular model in developing countries as a means of boosting local economies and the global market. Microfinance institutions enable low-income individuals, who would otherwise be unable to utilize a traditional bank loan, to attain loans for their businesses. The loans are then repaid to the individual lenders, rather than a bank.11 These financial services can lead to increased income, improved health, and improved education for many families.12 An estimated 500 million individuals have benefited from microfinance worldwide.13 However, the success of microfinance initiatives rests heavily on regulatory policies including interest-rate caps and pricing transparency to protect borrowers from exploitation and exorbitantly high interest rates.14

 
Show References
1 http://www.unicef.org/socialpolicy/files/Global_Inequality.pdf
2 Ibid
3 Ibid
4 Ibid
5 http://www.theguardian.com/business/2013/jan/22/ilo-unemployment-numbers-rise-2013
6 Ibid
7 Ibid
8 https://www.gfmag.com/global-data/economic-data/worlds-unemployment-ratescom
9 http://www.forbes.com/sites/dell/2012/07/24/microfinance-as-a-tool-to-alleviate-poverty/
10 http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,contentMDK:20433592~menuPK:34480~pagePK:64257043~piPK:437376~theSitePK:4607,00.html
11 http://www.forbes.com/sites/dell/2012/07/24/microfinance-as-a-tool-to-alleviate-poverty/
12 http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,contentMDK:20433592~menuPK:34480~pagePK:64257043~piPK:437376~theSitePK:4607,00.html
13 http://www.forbes.com/sites/dell/2012/07/24/microfinance-as-a-tool-to-alleviate-poverty/
14 http://www.theguardian.com/global-development-professionals-network/2014/oct/08/developing-countries-informal-economies-microfinance-financial-inclusion
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Economy Subcauses

Microfinance
Globalization
Economy Other
Microfinance
Microfinance is becoming an increasingly popular model in developing countries as a means of boosting local economies and the global market. Only 10% of the global population has access to traditional banking or means of attaining loans, savings accounts, credit, or other financial services.1 Poverty, service fees, and travel distance inhibit over 2.5 million adults around the world from accessing banks or financial institutions.2 Microfinance institutions enable low-income individuals, who would otherwise be unable to utilize a traditional bank, to attain loans for their businesses. The loans are then repaid to the individual lenders, rather than a bank.3 These financial services can lead to increased income, improved health, and improved education for many families.4 An estimated 500 million individuals have benefited from microfinance worldwide.5 However, the success ...See More of microfinance initiatives rests heavily on regulatory policies including interest-rate caps and pricing transparency to protect borrows from exploitation and exorbitantly high interest rates.6 Microfinance consists largely of offering small business loans to individuals who cannot afford or do not have physical access to a traditional bank. However, interest rates on these loans are often prohibitive—sometimes as high as 100% or more—raising questions of how ethical or beneficial microfinance and other practices of financial inclusion actually are.7 Additionally, particularly in countries such as Mexico, some applicants for microfinance loans already hold loans from other institutions. In Mexico, nearly a third of all microfinance loan applicants already hold at least three other loans.8 In order for microfinance and other financial inclusion initiations to be effective, government regulation, such as interest caps, must be implemented to avoid over indebtedness and financial burdens that outweigh the benefits of microfinance loans. Show Less