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Innovation, Not Development Aid, Is the Key to Tackling Poverty


March 26, 2021 last updated 15:12 ET
Workers produce clothing items on the assembly line at an apparel factory in Accra, Ghana, Nov. 13, 2007 (AP photo by Olivier Asselin).
Innovation, Not Development Aid, Is the Key to Tackling Poverty
The Editors
Thursday, Feb. 25, 2021
The modern development aid industry is fundamentally flawed, writer and researcher Efosa Ojomo argues, because it is based on “the idea of seeing a need, seeing that a community lacks a resource, and then leaning in with the best of intentions to provide that resource
without the fundamental mechanism that will sustain it.” That mechanism is what Ojomo and his co-authors call a “market-creating innovation” an advance that spurs the creation of new businesses, customers and tax revenues that allow for improved public services. ....

Elliot Waldman , Efosa Ojomo , Clayton Christensen Institute For Disruptive Innovation , Global Prosperity , Clayton Christensen Institute , Disruptive Innovation , Prosperity Paradox , How Innovation Can Lift Nations Out , Trend Lines , Africa Covid , Africa Innovation , Africa Entrepreneurship , Africa Covid Recovery , களிமண் கிறிஸ்டென்சன் நிறுவனம் க்கு சீர்குலைக்கும் கண்டுபிடிப்பு , உலகளாவிய ப்ராஸ்பெரிடீ , களிமண் கிறிஸ்டென்சன் நிறுவனம் , சீர்குலைக்கும் கண்டுபிடிப்பு , ப்ராஸ்பெரிடீ முரண்பாடு , எப்படி கண்டுபிடிப்பு முடியும் தூக்கு நாடுகள் ஔட் , போக்கு கோடுகள் ,

Kick-starting FDI in Africa


Kick-starting FDI in Africa
By Carl Manlan and Efosa Ojomo
LOMÉ/BOSTON In the United Nations’ 2020 World Investment Report, Secretary General António Guterres noted that global foreign direct investment (FDI) this year is “expected to fall sharply from 2019 levels of $1.5 trillion” to below the trough it hit during the global financial crisis. This decline will have a devastating effect on emerging economies, many of which are already in crisis as a result of the COVID-19 pandemic.
Few regions will struggle more than Africa. Not only does the continent account for just 3 epr cent of global GDP, but it currently attracts less than 3 per cent of global FDI, which has been a critical factor in propelling other regions to prosperity. ....

United States , National Taiwan University , T Ai Pei , Iyinoluwa Aboyeji , Deng Xiaoping , Carl Manlan , Hong Kong Accounted , Efosa Ojomo , Tambua Health , Aspen Institute , Ecobank Foundation , Clayton Christensen Institute , Alan Smart Of The University Calgary , European Union , United Nation , Investment Report , Secretary General Ant , Alan Smart , Jinn Yuh Hsu , Future Africa Collective , Evolve Credit , Prosperity Paradox , How Innovation Can Lift Nations Out , Project Syndicate , ஒன்றுபட்டது மாநிலங்களில் , தேசிய டைவாந் பல்கலைக்கழகம் ,