International Development - Development Disrupted: How Business Is Changing the Global Development Landscape: "“If we’re going to succeed in the task of ending extreme poverty and suffering, we will only do so through partnerships with companies like yours,” said Raj Shah, USAID’s administrator, to a room of business executives at last month’s BSR conference in Manhattan.
The definitiveness of Shah’s statement reflects the new normal of international development. Formerly a sector dominated by donors, multi-laterals and NGOs, now corporations are at the table, bringing with them new ideas, new funding sources and new questions about the most effective way to lift the world’s poor out of poverty.
Many say it’s a transformative moment. Old assumptions and operating models are falling away, while the shape of what’s to come has not yet emerged. What is clear is that the private sector has injected new energy into the world of international development, even as a new focus on social good is changing the way business operates around the world."
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