June 30, 2011
A leader from the Overseas Development Institute writes in The Guardian that companies can help reduce poverty, strengthen governance and improve education.
From original article:
"Companies are not social-development organisations, nor should we expect or even want them to be. The donor community needs to overcome its distaste for the profit motive and realise that this is what drives the innovation and dynamism of the private sector. It can present benefits as well as costs, opportunities as well as threats and advantages as well as disadvantages. In development terms, the private sector is neither a good thing nor a bad thing; it is a necessary thing."