The Business of Fighting Poverty
From China to Chile, from South Korea to South Africa, there is little debate about whether or not private investment is essential for prosperity and growth. But private investment too rarely benefits the poorest of the poor--precisely those who need it most.
Some blame an unfair world trading system, in which wealthy nations knock down all trade barriers except their own. Others point to the debt burdens shouldered by poor countries, or to the volatility of emerging markets.
But regulatory obstacles and unexploited marketplace gaps also prevent private capital from flowing to the poorest countries. This keeps small businesses in poor nations and regions from reaching their full potential.
We hope you're enjoying Project Syndicate.
To continue reading, subscribe now.
Get unlimited access to PS premium content, including in-depth commentaries, book reviews, exclusive interviews, On Point, the Big Picture, the PS Archive, and our annual year-ahead magazine.
Already have an account or want to create one? Log in