Emerging Markets Business Summer 2016 | Page 8

22 37 CUBA & IRAN: IS IT TIME TO INVEST? ABDERRAHIM ETOUIL International sanctions are beginning to lift and as opportunity for foreign investment rises, two key questions remain: are the Communist state and Islamic republic ready for FDI? And, if so, are investors ready to do business, not in Cuba and Iran, but with them? NON-CONSUMPTION IS YOUR FIERCEST COMPETITION —AND IT IS WINNING EFOSA OJOMO Non-consumption is one of the biggest competitors in emerging markets, and market-creating innovation is the way to beat it. 43 WHAT’S YOUR LEGACY? STEVEN SONSINO Philanthropy is broken and almost everyone knows it. Steven Sonsino highlights the emergence of a new generation of altruists: the legacy builders. 6  Emerging Markets Business  Summer 2016 • Issue No. 1 32 FOCUS IT’S A FIRST GENERATION CORPORATE SOCIETY TOMMY WEIR While advanced markets are well-accustomed to corporate life, economies in many corners of the world are still in their first generation as corporate societies—a reality with far-reaching implications for companies seeking emerging market growth.