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Sullivan, Nicholas P. You Can Hear Me Now: How Microloans and Cell Phones are Connecting the World's Poor To the Global Economy eBook

You Can Hear Me Now: How Microloans and Cell Phones are Connecting the World's Poor To the Global Economy

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eBook Publisher: John Wiley & Sons
Imprint: Jossey-Bass

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Bangladeshi villagers sharing cell phones helped build what is now a thriving company with more than $200 million in annual profits. But what is the lesson for the rest of the world? This is a question author Nicholas P. Sullivan addresses in his tale of a new kind of entrepreneur, Iqbal Quadir, the visionary and catalyst behind the creation of GrameenPhone in Bangladesh.

GrameenPhone—a partnership between Norway's Telenor and Grameen Bank, co-winner of the 2006 Nobel Peace Prize—defines a new approach to building business opportunities in the developing world. You Can Hear Me Now offers a compelling account of what Sullivan calls the "external combustion engine"—a combination of forces that is sparking economic growth and lifting people out of poverty in countries long dominated by aid-dependent governments. The "engine" comprises three forces: information technology , imported by native entrepreneurs trained in the West, backed by foreign investors .

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Title of Business & Economics eBook: You Can Hear Me Now: How Microloans and Cell Phones are Connecting the World's Poor To the Global Economy
Release Date: 05-04-2007
Publisher: Jossey-Bass

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Parent title You Can Hear Me Now: How Microloans...
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SKU 9780787994631
File size 1414
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You Can Hear Me Now: How Microloans and Cell Phones are Connecting the World's Poor To the Global Economy


Chapter One

Connectivity Is Productivity

Travelers clearing customs at Dhaka International Airport in Bangladesh are greeted by three signs-one for Bangladeshi passport holders, one for foreign passport holders, and one for foreign investors. The first two lines are jammed. There is no third line. Foreign investors aren't exactly swarming one of the poorest and most corrupt countries in the world.

While I waited for my bags, I turned on my cell phone. In a few seconds it displayed the name of a local network operator, Grameen-Phone. That was gratifying, because I had come to Bangladesh to visit Iqbal Quadir, who had spearheaded the design and development of GrameenPhone. I had heard so much about this company and its seemingly mystical success in a land that was once virtually phone free, it was reassuring to see how quickly the carrier popped up on my American phone. Reassuring and amazing-that you can travel from the richest country in the world to one of the poorest, from a country with one of the highest telephone penetration rates to one with one of the lowest, and use the same phone.

Arriving in the predawn hours after a long flight from London in January 2005, I made no immediate link between the foreign investors sign and the GrameenPhone network connection, but of course there's a clear one to be made: GrameenPhone would not have been possible without foreign investors.

In 1993, when Quadir first began thinking about the possibility of building a universal cellular network in Bangladesh, more than half of its 120 million people (now nearly 150 million) lived on less t

...

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