Friday 14 October 2011

Is business the new aid?

The Western-dominated development community has - where it has thought about business - tended traditionally to focus on “obligation” (controlling a fundamentally "problematic" private sector), rather than on “opportunity” (thinking about how business can contribute to core development objectives). Yet enterprise - the private sector and the opportunities it creates - is the only long-term strategy for development. The NGO sector is making this shift too. Oxfam, CARE and FARM-Africa, are just three stand-out examples of NGOs that have been proactively engaging in this agenda, from supporting small farmers and micro-entrepreneurs to partnering with large companies to advance development goals.

In Korea in just over a month, world donors will be coming together to discuss how to improve “aid effectiveness” – but in fact what they really should be talking about is how to improve “development effectiveness." And the donor agencies participating should not see themselves as aid agencies, but as “development agencies."

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