The Road Back from COVID-19 will be Paved by Small Businesses around the World

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From trade to production to investment to employment, every aspect of the global economy has been negatively impacted by COVID-19. As a result, the OECD forecasts that global economic activity will fall by 6 to 7.6% in 2020 depending on whether or not a second wave hits. Alongside this, the ILO reports an astonishing 305 million full-time jobs will be lost in the 2nd quarter of this year, and 38% of the world’s workforce – some 1.25 billion workers – are employed in sectors that are deemed high-risk. …

Managing a Global Team through a Global Crisis

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We, like many of you, are working hard to continue operations and keep our people safe in the midst of the coronavirus pandemic. An added challenge for us is that our team is spread out around the world, and our headquarters sits right in the middle of the current epicenter. To prepare and respond to the evolving crisis, our offices in New York City, Myanmar, and Turkey started moving to teleworking on March 12th and fully transitioned on March 18th, …

Our Thanks, Our Impact, and a Request

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Since 2006, Building Markets has worked with 25,000 small businesses in crisis-affected parts of the world, and helped them create over 70,000 full-time equivalent jobs. Those jobs alleviate poverty, boost individual dignity, reduce dependence on aid, and help sustain peace. You can learn more about our results and how we achieve them by clicking here. Our work would not be possible without support from individuals, governments, and foundations who understand and rely on our effectiveness in creating employment and economic growth. …

An Overview of Myanmar's Recycling Industry: A Report by Building Markets

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For years, a huge part of the world was exporting their recyclable materials, such as plastics, glass, and paper, to China for recycling. Unaware of where these materials ended up, many assumed that eventually, they were recycled and re-made into new materials, supporting a circular economy and preventing landfills from growing. However, much of the world’s recyclable material is considered “contaminated”, whether by dirt and food or by being mixed with materials that are not recyclable. …

Syrian-owned Businesses Draw Foreign Investment and Create Jobs in Turkey: The Story of Wolves Interactive

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In 2018, more than 70 million people were forcibly displaced worldwide with Turkey maintaining the top spot as largest country host with 3.7 million Syrians. This comes with enormous strains on a host economy’s market and resources – but also presents a unique opportunity as refugees bring with them skills, resourcefulness, ingenuity, and a desire for a better life. Harnessing these characteristics and providing pathways for refugees to unleash their talents can be a win-win by offsetting the cost of a crisis, …

ليس من المفاجئ لنا - الاردن يحصل على دعم من جهات غير متوقعة

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على مدار الأعوام الثمانية الماضية، خلقت الأزمة السورية 12 مليون لاجئ ومشرد داخلياً. فقط تخيل للحظة ما إذا كان جميع سكان لوس أنجلوس وشيكاغو وسان فرانسيسكو وسياتل ودنفر وواشنطن وبوسطن وديترويت وفيلادلفيا مضطرون لترك منازلهم لقد كان الأردن أحد أكثر الدول سخاءا في الاستجابة لهذه الأزمة. حيث استقبلت 1.4 مليون سوري. أدى هذا التدفق، إلى جانب عدم الاستقرار الإقليمي المستمر، إلى معدلات بطالة تاريخية، وتعطيل التجارة مع الأسواق الرئيسية، وركود النمو الاقتصادي. …

No surprise to us - but Jordan is getting a boost from an unlikely place

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Over the last 8 years, the Syria crisis has created 12 million refugees and internally displaced persons. Just imagine for a moment if the entire populations of Los Angeles, Chicago, San Francisco, Seattle, Denver, DC, Boston, Detroit and Philadelphia were all forced to flee their homes. Jordan has been one of the most generous countries to respond to this crisis. They have taken in 1.4 million Syrians. This influx, along with ongoing regional instability, …

Creating value from waste: An initiative to tackle Myanmar's trash problem

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Myanmar has one of the fastest growing consumer markets in Asia. While this rapid development provides a huge benefit to entrepreneurs and innovators in the country, the increasing production of waste, including plastic, is threatening environmental sustainability. At the moment, the rate of recycling for materials such as plastic is among the highest in Southeast Asia, and yet, plastics continue to fill landfills and wash up in the Irrawaddy river at an alarming rate. …

Building Markets Champions Jordanian Companies

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Building Markets is pleased to announce that it has expanded its matchmaking platform to include Jordan – where more than 300 local small and medium-sized enterprises (SMEs) are now profiled. The platform connects verified SMEs to new markets by providing them with greater visibility and access to business opportunities. Visitors to the site can search by sector, business size, refugee and women’s ownership, and other criteria. SMEs profiled receive a unique page with top-level details on their company and access to tenders. …

Identifying Impact Lessons on a Locally Driven Crisis Response. A Post from our Summer Intern, Gita Goolsarran

The Syrian war has presented one of the most acute humanitarian crises of the 21st Century, with neighbouring states hosting 5.6 million registered refugees since 2011.[1]In that time, regular migration flows in Turkey have more than tripled,[2]with over 3.5 million refugees registered with the United Nations High Commissioner for Refugees (UNHCR).[3] Strikingly, though Syrian civil society organisations (CSOs), and to a lesser extent small and medium-sized enterprises (SMEs), are relied upon for the delivery of humanitarian and development assistance, …

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