International development leader suggests that private industry equals success
Private enterprises can always be counted upon to innovate and make positive things happen. Leaders in the international development space are suggesting that the skill-set of private enterprise should be leveraged to improve and sustain a better life for poor nations.
U.K. Secretary of State for International Development Andrew Mitchell recently suggested that:
“Aid alone cannot be the answer – it is business, trade and enterprise that will stimulate the economic growth that will help the poorest lift themselves out of poverty.”
He continued by suggesting that “…development projects would draw in innovation, enterprise and technology from the private sector to save lives in some of the world’s poorest countries.”
Just sending money is not the answer for long-term success in a nation such as Haiti. We should enlist some of the creative developers and producers from successful businesses to mentor and to assist local private enterprises in these countries. If we used private enterprise for finding opportunities for economic growth then better development would form organically. With an enterprise-based solution the internal enterprise system would eventually sustain growth.
Innovation and enterprise are not exclusive to those who are privileged. Those with lesser resources use creativity and innovation to overcome the lack of technology all the time.
If we are to raise the standard of living among the less developed, then we need to leverage the natural creativity of humans with the technologies that have been developed in the industrialized nations.
A partnership between private enterprise with success and private enterprise in need of development will raise all boats in the harbor…