Latin Business Chronicle
Inclusive Business in Latin America
Growing up in Calcutta (now Kolkata) I saw poverty first hand, so I naturally admired my father's commitment to implementing social justice to helping the poor citizens. Dad's opposition to Prime Minister Indira Gandhi's economic and social policies landed him in jail during India's Emergency rule in 1975.
I moved to the United States in 1984 and experienced the benefits of capitalism. I watched with excitement India's move to globalization and hoped that this also would benefit the less fortunate. Like many, I've believed that although the private sector can't solve the poverty problem, poverty can't be solved without the private sector.
However, I became disillusioned with the efforts made by existing corporate and individual wealth to have a sustainable impact on poverty. I remember a brief, discouraging conversation with Mother Teresa in a year before her death in 1997 about the role of the private sector in poverty alleviation.
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