Free Delivery Over $100
|
|
|||
|
||||
Awards
OverviewThe term ""emerging market"" refers to a country where incomes are currently low but that is likely to experience rapid growth and increasing economic competitiveness. Identifying emerging markets is important for international development, and for investors they represent intriguing opportunities to reap uncommon gains. Yet many of the characteristics of emerging markets-including demographic shifts, rising educational attainment, and growing urbanization-are also found closer to home, in communities that have been underserved by the existing financial-services system. Gregory Fairchild introduces readers to the rising set of entrepreneurs whose efforts to reach marginalized groups are reshaping the emerging markets of the United States. He explores how minority-owned and community-development institutions are achieving innovations in consumer- and small-business-targeted financial services to further economic development and reduce inequality. Fairchild illustrates these transformative models through compelling narratives: the decision by a Chinese-ethnic credit union to open a branch in a new neighborhood, investment by a minority-led private equity firm in satellite radio for the developing world, and efforts by a community-development-loan fund to bring fresh foods into a food desert in Philadelphia. He analyzes the models of these organizations, measures their successes and failures, and provides suggestions for sustainable growth of similar organizations. Bringing together quantitative research, powerful stories of real-world entrepreneurs, and nuanced insights on public policy, Emerging Domestic Markets offers a vital set of prescriptions for inclusive financial development. Full Product DetailsAuthor: Gregory FairchildPublisher: Columbia University Press Imprint: Columbia University Press ISBN: 9780231173223ISBN 10: 0231173229 Pages: 352 Publication Date: 05 January 2021 Audience: General/trade , General Format: Hardback Publisher's Status: Active Availability: Out of stock  The supplier is temporarily out of stock of this item. It will be ordered for you on backorder and shipped when it becomes available. Table of ContentsAcknowledgments Preface 1. The Best Investment I Never Had to Make 2. A Fool’s Errand? The Riskiness of Financial Services in Low-Income Areas 3. Efficient? Are Development Financial Institutions Expensive to Operate? 4. Changing the World Through the South Side of Chicago 5. Corn Tostadas and a Changing Compton 6. A Sense of Place: Interplay of Geography and Capability 7. What Ethnic Hairstyling and Credit Unions Have in Common 8. Croissants and Corridors to Wealth Creation 9. Targeted Private Equity I: Neighborhood Integration, Black Capitalism, and the Inception of Minority Private Equity 10. Targeted Private Equity II: The Advantage of Being a Marginal Minority 11. Building Wealth in Indian Country 12. Flooding the Food Desert in North Philly 13. A Bluebird Takes Flight: A Reinterpretation of Banking at American Express 14. How I Lost My FOMO Notes IndexReviewsFairchild moves the conversation on diversity and inclusion in the U.S. financial system forward, with personal stories from his own work and honest case studies that don't try to hide or sugar-coat the challenges. -- Marcus Schaefer, retired CEO, Truliant Federal Credit Union Arguably the greatest threat to America's competitiveness in the global economy is the inequality of opportunity among races and places across the country. Fairchild's book details the work and stories of innovative people and organizations transforming the American financial system into an agent of economic mobility for more people and communities throughout our land. Continuing and expanding this work is absolutely critical to forming a more perfect union. -- Maurice A. Jones, president and CEO, Local Initiatives Support Corporation, and former U.S. HUD deputy secretary I've long believed that the issues facing underserved communities are not intractable, despite what some say. There are proven approaches that work. In this book, Gregory Fairchild showcases some of those approaches and innovations, marrying his compelling firsthand experience with academic research. -- Robert E. Rubin, board chair, Local Initiatives Support Corporation, and former U.S. treasury secretary By sharing his own personal journey and decades of in-depth research, Gregory Fairchild reveals how capital and finance can help us build a more just, inclusive future. His timely account of community development financial institutions beautifully conveys their power to expand opportunity and transform lives, from Indian Country to the South Side of Chicago. -- Debra D. Schwartz, managing director of Impact Investments, John D. and Catherine T. MacArthur Foundation Fairchild expertly weaves personal narrative, academic scholarship, and practical insights to provide a truly compelling thesis for enhancing communities and financial systems within our urban centers. This book should be required reading in business schools, board rooms, and governments at all levels. -- Erika H. James, dean, The Wharton School, University of Pennsylvania Author InformationGregory Fairchild is the Isidore Horween Research Professor of Business Administration; associate dean for Washington, D.C., area initiatives; and academic director of public policy and entrepreneurship at the University of Virginia’s Darden School of Business. Tab Content 6Author Website:Countries AvailableAll regions |
||||
