The William Davidson Institute (WDI) is an independent, non-profit research and educational organization focused on providing private-sector solutions in emerging markets. Through a unique structure that integrates research, field-based collaborations, education/training, publishing, and University of Michigan student opportunities, WDI creates long-term value for academic institutions, partner organizations, and donor agencies active in emerging markets. WDI also provides a forum for academics, policymakers, business leaders, and development experts to enhance their understanding of these economies. We are not theory-based. Our mission is to create true, sustainable solutions. Our work spans understanding, testing, and implementing actionable, private-sector business models which address the challenges and opportunities in emerging markets.