Emerging and frontier markets have eclipsed the advanced economies in GDP share and growth, just as the New World surpassed the Old at the end of the 19th century. This structural shift will generate opportunities to accelerate financial inclusion and boost aggregate demand in developing nations by creating a low-carbon, resource-efficient model of growth. This panel will report results from the California-Israel Global Innovation Project and recent applications in Africa, China and India to show how:
- New technologies can enable nations to meet sustainable development and climate goals while maintaining food and energy supplies, clean water and good health.
- Blended financial products can serve the shared interests of the advanced and developing world to meet the retirement security goals of the advanced economies.