
A spate of blogworthy mainstream media articles have come out recently, prompting this base of the pyramid
news roundup:
Over the weekend, the Financial Times ran two pieces side by side.? The first, entitled '
Investing in People' by journalist Sarah Murray, smartly discusses the role of Ashoka, Endeavor and Acumen Fund.? Jacqueline Novogratz - my boss - described it as one of the best treatments of the BoP concept she's seen yet.? I tend to agree.On the right column, next to Murray's piece, was an opinion column by Michael Edwards, author of
Just Another Emporer: The Myths and Realities of Philanthrocapitalism.? His article, entitled '
Misguided Calls for Business Thinking', rails against the trend of non-profits behaving more like businesses.?
Read these two - Murray's and Edwards' - side-by-side for full effect.
Also making BoP news is the
Stanford Social Innovation Review, which just released its Summer 2008 issue.? The volume includes a thoughtful piece by Grameen Foundation CEO Alex Counts entitled "
Reimagining Microfinance."? Counts argues that microfinance institutions need not choose between financial sustainability and achieving their social missions.? Rather, by thinking of microfinance as a platform - not a product - institutions can indeed serve the poor, profitably.? Read this soon - it's free on the SSIR web site - but may disappear behind the firewall in a month or two.
Also in the SSIR are two book reviews: the first, by NextBillion ally and
BOPreneur blogger Paul Hudnut,
reviews Paul Polak's
Out of Poverty.? The second, by George Washington University professor Stephen Smith,
reviews Muhammad Yunus'
Creating a World Without Poverty.? Before you grab beach reading this summer, check out Hudnut's and Smith's reviews.