Market-Based Solutions to Global Poverty
Monday, April 28th from 12:15 - 1:30
LBJ School - SRH 3.122
In his talk, "Market-Based Solutions to Global Poverty," LBJ and McCombs school alum Randall Kempner spoke about investment in small and growing sized businesses (SGBs) as an international development strategy to improve the lives of poor people in emerging markets. Kempner distinguished this focus on the "missing middle" of private enterprise from micro-finance initiatives, which for all intents and purposes are not designed to grow into larger businesses that offer employment to more than a few in the community. As executive director of the Aspen Network of Development Entrepreneurs (ANDE), Kempner described his organization’s role in facilitating partnerships for network members, providing critical financing and business support services to small and growing businesses that create positive economic, environmental and social impacts in developing countries. ANDE’s 200+ members have operations in more than 150 emerging market countries.
Kempner oversees the implementation of ANDE’s extensive program and advocacy agenda, including training programs for investing in emerging-market entrepreneurs, promoting investment opportunities in emerging market SGBs, and developing standardized financial, social and environmental metrics for impact investment.
Kempner has nearly 20 years of experience in the field of national and international economic development. Most recently, he served as Vice President for Regional Innovation at the U.S. Council on Competitiveness. Prior to joining the Council, he was co-founder of OTF Group, an international consulting firm that advises regions and nations on how to create competitive advantage.
Kempner graduated from the University of Texas at Austin with an M.B.A and an M.P.Aff. He earned his bachelor's degree in Government from Harvard College.