Strengthening the care economy: Benefits for developing countries
A robust care economy is crucial for developing nations as it promotes gender equality and drives inclusive economic growth. Through an increased number of women in the workforce and improved training, wages, and working conditions in the care industry, governments and the private sector can create a stronger care economy. MSC has worked with a range of stakeholders, simplified childcare models, and provided recommendations to accelerate the development of a vibrant care economy.
Different yet similar — behavioral biases of low- and moderate-income people in Bangladesh and Vietnam
“We see the potential volume, but do we design profitable products for low-and moderate-income (LMI) people?” MSC faces this question repeatedly in discussions with our clients across Asia and Africa—including our partners in Bangladesh and Vietnam under the MetLife Foundation-funded i3 program.
Through this two-blog series, we question key behavioral biases to consider while creating compelling, engaging, and profitable products for the low- and moderate-income segment. The first blog speaks of the macro-economy and demography of the Bangladesh and Vietnam markets. We also take you through the digital financial services progress in both countries and the steps governments take to expand digitally. The next blog in this series will look at the similarities and differences of the LMI segment in Bangladesh and Vietnam.