The private sector has never played a greater or more influential role in international economic development than it does today. As international development strategies continue to rapidly evolve, the challenge for both public and private sector leaders is in how to adapt their thinking. Just as the role of the private sector has increased in emerging market development, so other aspects of the development equation have changed. There is an increasing focus on bottom of the pyramid economics, microfinance, entrepreneurship and business skills development. Countries are also increasingly concerned about the environment and sustainable development. Engaging the private sector as an equal partner in development can prove to be very powerful and deliver significant benefits. However there a...
The trend towards private philanthropic foundations has seen some of the worlds most powerful past and present leaders lending business and political clout to public-private partnerships for international development. The Bill & Melinda Gates Foundation is the worlds largest private philanthropic foundation. Since its inception in 2000, the foundation has pledged in excess of US$21 billion in grants to projects across the US and in more than 100 countries. Founded in 1998 by the Executive Chairman of the World Economic Foundation, Klaus Schwab, and his wife Hilde, the Schwab Foundation promotes social entrepreneurship as a catalyst for social innovation and progress. Established in 2003, the Clinton Foundation focuses on addressing global climate change, HIV/AIDS in the developing w...
Nicolas Sarkozy, President of France, managed to erase "free and undistorted competition" from the proposed new EU Treaty as a main aim of the European Union. Afterwards, he asked rhetorically what competition has done for Europe. This article is an attempt to reply to that very important question. The view of competition and its effects among decision-makers is likely to affect numerous policy outcomes. Throughout history, there has been a struggle between freedom and control in Europe. Competition is the result of economic freedom and the absence of interventions in the economy by the state. And it has done very much indeed for Europe. It may be the single most important reason why the average income in Western Europe is 14 times higher today than in 1820. If anything, Europe needs mo...
... other EU aims such as "sustainable development" remain? A protocol claiming that competition is s..., and bureaucracy can suppress entrepreneurship. Taxes or tariffs might decrease economic exchange...
As international businesses explore the developing world to find new consumer markets, firms are realizing that long-term prosperity depends on the development of these markets. As a result, more partnerships are springing up between international companies, NGOs and development agencies. They are finding common interests and learning from each other in the process. For years the work of social entrepreneurs often passed unnoticed in the outside world. Now that is changing. Social entrepreneurs are set to have a profound impact on the world's most complex societal and environmental challenges. Their impact may be limited by their current scale, but could be limitless with the right business partners. Several developments indicate the rise of social entrepreneurship in public awareness. ...
When the business of entrepreneurship is in your blood, it's in your blood. Let's face i... of the Swiss holding company Orascom Development Holding SA (OD Holding), with headquarters in Altd...
In recent decades a broad range of non-state actors ranging from multinational firms to non-governmental organizations have become key players in development finance alongside more traditional players such as official aid agencies and multilateral institutions. More recently they have been joined by a host of interested parties including social entrepreneurs, former politicians and celebrities, who have used their profile to raise awareness and leverage resources for international aid in developing countries. It was in the 1990s that the development-driven public-private partnership (PPP) modality gained traction and has since become the preferred instrument of development policy-makers in fields such as global health and, more recently, agriculture. The popularity and perceived utility...
... venture phüanthropy and social entrepreneurship. Some commentators, notably Matthew Bishop of 77je...
Women are stepping forward as never before. They are becoming leaders, financial managers, business strategists, risk-takers and entrepreneurs. Canadian business and government are embracing this involvement, with an understanding that women and women-led businesses are an increasingly potent global economic force. Canada is a world leader in the area of women's entrepreneurship. A recent study showed that Canadian women are among the most entrepreneurial of all Organization for Economic Co-operation and Development countries. Since its creation in 1976 to coordinate policy with respect to the status of women and administer related programs, Status of Women Canada (SWC) has worked alongside its governmental, non-governmental and private sector partners to influence policies and major in...
Over a period when the world economy has generally been growing and diversifying, the share of least developed countries (LDCs) in world trade has shrunk to the present 0.4%, down from 0.7% in 1985. Despite schemes to improve market access for LDC exports - such as Canada's Market Access Initiative or the European Union's Everything But Arms initiative - most countries remain unable to tap into new opportunities. Why? To boost LDCs' participation in the world economy, market access is necessary, but it's not enough. LDCs depend heavily on primary commodities and low value-added exports, which have seen steady price falls. Severe "supply-side" constraints block business development. Often, LDCs' policies are not supportive of trade, nor is trade integrated in their overall development st...
... business opportunities through entrepreneurship and perseverance. Their successful exports range w...
In Uganda, the Good African Coffee company, in conjunction with ITC, is demonstrating how public-private partnership can make a significant impact on low-income rural communities. About 85% of Ugandans are farmers, but only a small percentage of Uganda's gross domestic product comes from agriculture due to lack of access to markets, poor export strategies and crude farming techniques. In 2007 the Ugandan public and private sectors launched their National Export Strategy and identified organic production as a promising market opportunity for smallholders who traditionally had the most precarious livelihoods and lowest incomes. Following on from this, in 2009 ITC's Trade and Environment Program helped more than 2,000 smallholder coffee farmers, mostly women, to convert to organic producti...
...But it takes entrepreneurship to live on a dollar a day!" says Mr Rugasira. Wher... for Africa's economic and social development," he says. To do that, he had to steer the convers...
This paper looks upon the developments of Free Trade Agreements in relation to security aspects in the Middle East, with a special concern of the Jordanian situation. The author analyses the trade relations between Jordan and the EU as well as the US and compares these relations to the ones of other countries in the region with the two major western trading blocs. After a description of the historical development of these relations, the author provides a picture of the current situation and brings forward an outlook of the possible developments including problems that might occur.
...This seeming lack of entrepreneurship on the Jordanian side is matched by complex rules ...
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