“Forget Foreign Aid, Focus on Foreign Investment In Women Entrepreneurs” by @startupbiztalk in @ForbesWoman #myAWD

July 9, 2012 at 1:32 pm 4 comments

Forget Foreign Aid, Focus on Foreign Investment In Women Entrepreneurs

Cheryl Isaac, Contributor

Foreign aid can sometimes account for over 90% of a country’s GDP; yet developing nations are quickly learning that foreign aid is not a long-term solution. And over the past few years, we’ve seen just how interconnected the global economy is: a misstep in one economy, affects the global economy.

Dambisa Moyo, economist and author of Dead Aid: Why Aid is Not Working And How There is a Better Way For Africa, argues that foreign aid to Africa is hurting, not helping the continent.

“Policymaking…has to set the environment to make it conducive for people to invest, be entrepreneurial and to innovate,” Moyo told Forbes Woman.

Investment in entrepreneurship—particularly women entrepreneurship—can lead to long-term growth in developing countries, the type of change that affects economic development, and a collaborative effort that influences innovation and empowers citizens to contribute to their nation’s GDP.

Read the full article: http://www.forbes.com/sites/worldviews/2012/07/06/forget-foreign-aid-focus-on-foreign-entrepreneurship-for-women/

Advertisements

Entry filed under: Uncategorized. Tags: , , , , , , , , , , , , , , , .

Video: “Break the Silence” @SayNO_UNiTE News: “Saudi Arabia To Send Olympic Women Athletes For First Time” @DonnaAN1 #olympics #hwhtw

4 Comments Add your own

  • 1. Impower You  |  July 10, 2012 at 5:17 pm

    It is time to stop just giving aid, except in immediate situations like trauma, famine and war. We need to teach people how to be self sustainable. Otherwise we just encourage people to wait for someone else to help them. We are all capable of being strong and investing in ourselves. I have seen enough positive change in this world to know that is possible.

    I am glad the world is waking up to this idea of investing in people and countries instead of just giving. It is a sign that we can make this world a better place. Not perfect, but better.

    Reply
    • 2. hwhtw  |  July 11, 2012 at 4:59 pm

      Interesting thoughts. Thanks for sharing!

      Reply
      • 3. Impower You  |  July 11, 2012 at 7:04 pm

        I have read about this idea for a while now. It is logical to me that we should teach instead of just give. Of course it all depends on the situation.

  • 4. Forget Foreign Aid « Impower You  |  July 12, 2012 at 4:37 am

    […] Thank you Helping Women Helps The World for this post:  https://hwhtw.wordpress.com/2012/07/09/forget-foreign-aid-focus-on-foreign-investment-in-women-entrep… […]

    Reply

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Trackback this post  |  Subscribe to the comments via RSS Feed


Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 326 other followers


%d bloggers like this: