By Nathan KommersNate Kommers is a Press Officer with the World Resources Institute. 
Yesterday, the Aspen Institute held a book event in here DC with
Nick Sullivan, author of
You Can Hear Me Now: How Microloans and Cell Phones are Connecting the World’s Poor to the Global Economy, and
Iqbal Quadir, the man behind the GrameenPhone phenomenon in Bangladesh.
Bill Kramer and I attended to see what topics carried the day.
Sullivan pointed out that the
GrameenPhone case seems to have achieved the trifecta of economic benefits, a bridged digital divide, and an instance where the private sector has played a significant and positive role in development.
It is this last point that was of keen interest to Quadir, who on a couple occasions discussed the difference between foreign aid and private sector development. Foreign aid usually goes to governments, with the unfortunate effect of making those governments less beholden to the interests of their citizens. Private sector development, on the other hand, has usually put money directly into the hands of the public. In developing countries, Quadir argues, this is where wealth needs to be built.
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