Twitter Summary
Is aid really the solution? Patient capital is a new way to empower entrepreneurs in developing countries http://www.ted.com/talks/jacqueline_novogratz_a_third_way_to_think_about_aid.html
In this article Jacqueline Novogratz talks about the impact of aid sent to developing countries especially Africa. She identifies two groups of people, one who are against any form of aid and the other who are strong supporters of aid. She calls for a new way to help developing countries. She calls it patient care whereby rather than sending aid money to governments or NGO'S, it should be sent to local entrepreneurs. She points out that any major changes that have happened in the world were a result of activities carried out by entrepreneurs.
This presents a huge opportunity for investors or businesses as they can start sending money or investing in local entrepreneurs who help make a difference in their community. In addition to this, they can help increase entrepreneurship around the world.
No comments:
Post a Comment