Bill Gates gave a major speech at the World Economic Forum in Davos on Wednesday, calling for creative capitalism to do a better job of serving the world's poor as well as the rich.

In a lengthy interview he gave with the Wall Street Journal prior to the speech, Gates expressed concern for how "capitalism, while so good for so many, is failing much of the world." His recommendation is for companies to dedicate a larger percentage of their resources toward figuring out how they can make money by doing business with and improving the lot of the neediest third of the world's population.

Video of the entire speech is available here.

Today allAfrica revealed how increased funding to the UN's Rural Livelihoods and Economic Enhancement Program will teach Malawi's farmers how to benefit from increased market competition in the agricultural sector.

The program seeks to encourage production based on market needs rather than traditional small scale subsistence needs.

Most assume that China will experience a significant downturn in growth as a result of the recent scare in the US economy. But on January 3rd The Economist published an article suggesting that growth of GDP in China is less dependent on the export of cheap goods to Western consumer markets.

The headline ratio of exports to GDP is very misleading. It compares apples and oranges: exports are measured as gross revenue while GDP is measured in value-added terms…
Once these adjustments are made, Mr Anderson reckons that the "true" export share is just under 10% of GDP. That makes China slightly more exposed to exports than Japan, but nowhere near as export-led as Taiwan or Singapore.

We've all heard globalization linked to the growth of multi-national corporations. However, an article from yesterday's Business Week takes a look at how globalization is driving the growth of small entrepreneurs.

"These young entrepreneurs are trying to make their marks independent of what their fathers and grandfathers have done. These young people and their companies are growing fast and becoming relevant on the global scale," he says. While previous generations were often constricted by government red tape and low customer expectations, younger entrepreneurs who take their cue from the international business models they see online are more open to new ideas and are setting higher standards for their companies.

Photo: Costa Rica from Above. BlindAmbitionBlog (flickr)

This week, Norway declared that it will become the world’s first carbon-neutral country, by 2030. It turns out that the idea of “going carbon-neutral” is becoming quite the fashion around the globe, though – and Norway might find more competition than it bargained for: In 2007, Costa Rica announced it's intention to become carbon neutral by 2021, the 200th birthday of the Central American country. If Costa Rica meets its goal, it will beat Norway to claim the title of first carbon neutral country.

Update: In the weeks since this was posted, the United Nations has launched the Climate Change Network, which aims to unite global responses to climate change. Since Norway announced its intention to go carbon-neutral, three more countries have made the same declaration: Iceland, New Zealand, and Monaco. A National Geographic News article posted in March figured that Costa Rica was most likely to win the race to carbon-neutrality, considering for example that 80 percent of that country’s energy comes from renewable resources already.

Today the BBC posted a video that took a closer look inside Kibera, a large urban slum of Nairobi. Kibera is experiencing a water and sanitation crisis as nearly one million people are living in the slum without a suitable water supply.