Name: A third way to think about aid
Uploaded: 2009-09-25T01:00:00Z
Duration: 16 min 48 s
Description: The debate over foreign aid often pits those who mistrust "charity" against those who mistrust reliance on the markets. Jacqueline Novogratz proposes a middle way she calls patient capital, with promising examples of entrepreneurial innovation driving social change.

The debate over foreign aid often pits those who mistrust "charity" against those who mistrust reliance on the markets. Jacqueline Novogratz proposes a middle way she calls patient capital, with promising examples of entrepreneurial innovation driving social change.

A third way to think about aid

Neither traditional aid nor pure market solutions alone are enough to tackle poverty. Patient capital invests in local entrepreneurs, taking risks on long-term, community-driven innovations that often double or triple incomes for thousands. An Indian drip irrigation project, for example, helped 300,000 farmers transform barren land into thriving fields. Real change, the talk argues, comes from listening to those affected and empowering them with the dignity of choice and opportunity.

Patient Capital Bridges The Gap Between Aid And Markets

Africa

business

economics

global issues

innovation

invention

poverty

women

philanthropy

finance

international development

equality

TED Stage Talk

Jacqueline Novogratz: A third way to think about aid