In a two-part series, Harvard professor George C. Lodge and International Finance Corporation economist Craig Wilson argue that multinational corporations (MNCs) have contributed enormously to reducing global poverty.
According to the authors, "MNCs exist to provide value for their shareholders, but are also in a position to serve as driving engines of social change, even in countries troubled by corruption and mismanagement." They argue that "the reduction of poverty depends on the growth of business, especially small, domestic businesses. And increasingly for a local business to flourish it must have access to the world: to markets, credit, and technology, all facilitated by MNCs." They also maintain that "poverty reduction requires systemic change, and MNCs are the world's most efficient and sustainable engines of change."


add to del.icio.us
add to digg
related at technorati


On Proctor & Gamble Water Filter Sachets
On Social Entrepreneurs from GSBI 2008: Meet Zipporah Ongwenyi, from Binti Africa Foundation
On Event: How Everyone Can Be a Social Investor
On Social Entrepreneurs from GSBI 2008: Meet Zipporah Ongwenyi, from Binti Africa Foundation
On Nigeria: Small Businesses and Economic Growth