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June 27, 2025 27 mins

Small businesses are more than just corner shops and local services. They’re a driving force of economic growth, making up 90% of all businesses globally. As the global middle class rapidly expands, new opportunities are emerging for entrepreneurs to launch and grow small businesses. 

In the first episode of “Local to global: The power of small business”, host JJ Ramberg sits down with Shamina Singh, Founder and President of the Mastercard Center for Inclusive Growth, and Homi Kharas, Senior Fellow at Brookings Institution and Co-Founder of the World Data Lab. Together, they explore how the spending power of the global middle class is fueling small business growth from Taipei to Toronto and beyond. 

The discussion also highlights how digital inclusion, access to finance, and cybersecurity are essential for small business success.

“Local to global: The power of small business” is a new podcast series from GZERO Media's Blue Circle Studios and Mastercard, where we'll look behind the curtain to explore the world of small businesses and why they’re positioned to play an even bigger role in the future of the global economy.

 

Host: JJ Ramberg

Guests: Homi Kharas, Shamina Singh

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