Overall, Cambodia is a relatively poor country whose residents don't own much. Norwegian hotel owners in the city of Krong Siem Reap urge their Cambodian staff to be more in charge of making their own decisions by making them co-owners of the hotel, an act that forced them to have more confidence and critical thinking skills.
Read More54 million people in the United States, and 4.5 billion globally, have no credit to their name - making it nearly impossible for them to buy homes, apply for jobs and receive loans. Investors and lenders make an effort to help those with 'invisible credit' scores in financing essentials like homes or cars.
Read MoreKepler University in Rwanda reduces the cost of a university education by hiring teachers based on their willingness to innovate — not necessarily their expertise — and by blending online and in-classroom learning. Students receive the equivalent of a college diploma and job training in order to facilitate a possible rise out of poverty.
Read MoreOrganizations in Detroit are piloting a program to apply food stamp credits in grocery stores towards the purchase of nutritious produce, in order to increase access to healthy items. The initiative can also help the local economy prosper through increased promotion of locally grown produce.
Read MoreDespite overwhelming evidence that play is vital for children’s physical, emotional and cognitive development, in recent decades, due to many factors, children’s outdoor play opportunities have declined markedly. For 15 years, KaBOOM! has been leading playground construction around the country, mostly in neighborhoods where at least 70 percent of children qualify for the federal government’s free and reduced-cost lunch program.
Read MoreWhen adults are asked what values they think youth sports actually reinforce most, they say competitiveness and the importance of winning. The Positive Coaching Alliance provides teaching tools that help coaches redefine the idea of “winning” from something that is reflected on a scoreboard to something that is reflected in a child’s character.
Read MoreAn Irish-based company, ALISON, provides free, high-quality e-courses to people around the globe in order to help close the gap between education and workplace skills. Particularly focused on providing access to areas where more traditional forms of education and job training are difficult to get, this approach is helping to change lives and the economy for the better.
Read MoreMost programs to cut recidivism don’t significantly reduce rates of repeated arrests or incarceration, but one called the Center for Employment Opportunities that started in New York City is making a dramatic dent. The program provides newly-released prisoners with transitional services - most significantly, distinct working crews where they can be constructively monitored and learn teamwork - effectively helping keep them out of jail and transition back into society.
Read MoreLotteries aren’t usually considered part of the solution to a savings crisis experienced across America, particularly by the nation's poor, but with more hopefuls purchasing lottery tickets than setting aside rainy day funds, one organization, Doorways to Dreams, is working to change federal and state laws to allow banks to offer prize-linked savings. In Michigan, the programs have seen some success.
Read MoreIn the wake of Hurricane Sandy, necessity has bred an interesting kind of financial invention for the New York MTA: the world’s first “catastrophe” bond - a reinsurance for the insurer - designed to protect public transportation infrastructure, specifically against storm surge. These bonds privatize risk for public gain, creating a kind of tool that may protect economic development against all kinds of natural and man-made disasters around the world.
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