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| Poor a Market? |
Even Poor Have Some Money
03/20/2007
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IFC reports a $5 trillion market.
Companies shouldn’t eschew the world’s poor in the belief they’re
not worth bothering with. In a report released March 19, the IFC, the private
sector arm of the World Bank Group, said the 4 billion people who live in
relative poverty still represent a spending power of $5 trillion.
The goal of the report is to show the potential of markets
traditionally ignored. The lack of goods and services in poor areas often forces
the most-needy consumers to pay higher prices. The report urges businesses to be
more creative in forming models that will meet the needs of the market.
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