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Africa and Indian Crowdfunding Markets: A Cross-Cultural Comparative Analysis
Abstract
Developing countries will account for 90% of the new 2.5 billion urban population inflow projected by 2050. To provide decent urban environment new non-traditional financial sources such as crowdfunding are needed. In developing these sources, mutual learning experiences are the key to success but cross-cultural studies among cultures remain limited; this chapter seeks to address this issue. Africa and India are likely the key beneficiaries of future urban growth and most likely users of alternative finance tools to fund their growth. Both are slow starters in rapid urbanization and the use of crowdfunding but are making rapid progress.
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