Private sector activity is crucial for development. It shapes the
investment climate, mobilizes innovation and financing in areas
such as global health, and can either cause or mitigate social and
environmental harm. Yet so far, the international development
debate has not focused on the role of the private sector. This
volume -written by members of the private sector, philanthropic
organizations, and academia -investigates ways to galvanize the
private sector in the fight against global poverty. Using a
bottom-up approach, they describe how the private sector affects
growth and poverty alleviation. They also review the impediments to
private capital investment, and discuss various approaches to risk
mitigation, including public sector enhancements, and identify some
specific new plans for financing development in neglected markets,
including an equity-based model for financing small-to-medium-sized
enterprises. From the top-down, the authors look at the social and
environmental impact of private sector activities, investigate
public-private partnerships, explore new perspectives on the role
of multinationals, and discuss an in-depth case study of these
issues as they relate to global public health. In addition to
providing a broad overview of the current issues, this
forward-looking volume assesses the action-oriented initiatives
that already exist, and provides templates and suggestions for new
initiatives and partnerships. Contributors include David DeFerranti
(Brookings Institution), Timothy Freundlich (Calvert Social
Investment Foundation), Ross Levine (World Bank), Sylvia Mathews
(Gates Foundation), Jane Nelson (Harvard University's Kennedy
School of Government), Alan Patricof (APAX Partners), Warrick Smith
(World Bank), and Julie Sunderland (APAX Partners).
General
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