Author(s): Raj Kumar
Today, entrepreneurs, Silicon Valley start-ups, and celebrity activists are the driving force in a radical shift in the way we think about lifting people out of poverty. In this new era of data-driven, results-oriented global aid it's no longer enough to be a well-intentioned do-gooder or for the wealthy to donate an infinitesimal part of their assets to people without a home or basic nutrition. What matter now in the world of aid are measurable improvements and demonstrable, long-term change. Drawing on two decades of research and his own experiences as an expert in global development, Raj Kumar, founder and President of Devex, explores the successes and failures of non-traditional models of philanthropy. According to Kumar, a new billionaire boom is fundamentally changing the landscape of how we give, from well-established charitable organizations like the Chan Zuckerberg Initiative and The Bill and Melinda Gates Foundation, to Starbucks and other businesses that see themselves as social enterprises, to entreprenuerial start-ups like Hello Tractor, a farm equipment-sharing app for farmers in Nigeria, and Give Directly, an app that allows individuals to send money straight to the mobile phone of someone in need. The result is a more sustainable philosophy of aid that elevates the voices of people in need as neighbors, partners, and customers. Refreshing and accessibly written, The Business of Changing the World sets forth a bold vision for how businesses, policymakers, civil society organizations, and individuals can turn well-intentioned charity into effective advocacy to transform our world for good.