LEADER 04306nam 2200481 450 001 9910554262403321 005 20210209174819.0 010 $a0-231-55311-0 024 7 $a10.7312/fair17322 035 $a(CKB)4100000011718126 035 $a(MiAaPQ)EBC6181776 035 $a(DE-B1597)566426 035 $a(DE-B1597)9780231553117 035 $a(PPN)266305245 035 $a(EXLCZ)994100000011718126 100 $a20210209d2021 uy 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aEmerging domestic markets $ehow financial entrepreneurs reach underserved communities in the United States /$fGregory Fairchild 210 1$aNew York, New York :$cColumbia University Press,$d[2021] 210 4$dİ2021 215 $a1 online resource (350 pages) $cillustrations 320 $aIncludes bibliographical references and index. 327 $tFrontmatter -- $tContents -- $tAcknowledgments -- $tPreface -- $tChapter one The Best Investment I Never Had to Make -- $tChapter two A Fool's Errand? -- $tChapter three Efficient? Are Development Financial -- $tChapter four Changing the World Through the South Side of Chicago -- $tChapter five Corn Tostadas and a Changing Compton -- $tChapter six A Sense of Place: Interplay of Geography and Capability -- $tChapter seven What Ethnic Hairstyling and Credit Unions Have in Common -- $tChapter eigth Croissants and Corridors to Wealth Creation -- $tChapter nine Targeted Private Equity I: Neighborhood Integration, Black Capitalism, and the Inception of Minority Private Equity -- $tChapter ten Targeted Private Equity II: The Advantages of Being a Marginal Minority -- $tChapter eleven Building Wealth in Indian Country -- $tChapter twelve Flooding the Food Desert in North Philly -- $tChapter thirteen A Bluebird Takes Flight: A Reinterpretation of Banking at American Express -- $tChapter fourteen How I Lost My FOMO -- $tNotes -- $tIndex 330 $aThe term "emerging market" refers to countries where incomes are currently low but that are likely to experience rapid growth and increasing economic competitiveness. Identifying emerging markets is important for international development, and for investors they represent intriguing opportunities to reap uncommon gains. Yet many of the characteristics of emerging markets-including demographic shifts, rising educational attainment, and growing urbanization-are also found closer to home, in communities that have been underserved by the existing financial-services system.Gregory Fairchild introduces readers to the rising set of entrepreneurs whose efforts to reach marginalized groups are reshaping the emerging markets of the United States. He explores how minority-owned and community-development institutions are achieving innovations in consumer- and small-business-targeted financial services to further economic development and reduce inequality. Fairchild illustrates these transformative models through compelling narratives: the decision by a Chinese-ethnic credit union to open a branch in a new neighborhood, investment by a minority-led private equity firm in satellite radio for the developing world, and efforts by a community-development-loan fund to bring fresh foods into a food desert in Philadelphia. He analyzes the models of these organizations, measures their successes and failures, and provides suggestions for sustainable growth of similar organizations. Bringing together quantitative research, powerful stories of real-world entrepreneurs, and nuanced insights on public policy, Emerging Domestic Markets offers a vital set of prescriptions for inclusive financial development. 606 $aMinority business enterprises$zUnited States 606 $aBusiness enterprises$zUnited States$xFinance 606 $aEndogenous growth (Economics)$zUnited States 615 0$aMinority business enterprises 615 0$aBusiness enterprises$xFinance. 615 0$aEndogenous growth (Economics) 676 $a332.170869420973 700 $aFairchild$b Gregory$01219633 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910554262403321 996 $aEmerging domestic markets$92820046 997 $aUNINA