Income inequality has increased in practically every industrialized nation in recent decades. The best measure of that change is the Gini index, named after the Italian statistician Corrado Gini, who designed it in 1912. The index values vary between zero, when everyone has exactly the same income, and 1, when one person has all of…

In a comment to an earlier post, Patricia Ferrando shared her experience coaching successful Nigerian entrepreneurs. She highlighted their commitment to giving back to society and to contributing to the development of the less privileged. Patricia's comment made me reflect upon Africans' communal mentality. Let me share some examples I have seen while in Lagos.…

In his wonderful book on Creativity, Lifelong Creativity, Dr. Pradip Khandwalla talks about the concept of Empowerment Creativity. . History of mankind is replete with examples of great men and women who dedicated their lives to uplift the downtrodden and the poor. Social entrepreneurs provide a great example of empowerment creativity. In this post I…

The subject of Latin America’s middle class has been in the news frequently over the past few years. Together .  Therefore Latin America’s middle class is often a hotly debated subject. But how large is Latin America’s middle class? Different studies have yielded a wide range of estimates: anywhere between 170 and 350 million people.…