Mal Warwick: Could THIS be the Solution to Global Poverty? – Business Fights Poverty

Mal Warwick: Could THIS be the Solution to Global Poverty? – Business Fights Poverty.

So, where on earth is that $450 billion going to come from?

To me, and to my coauthor Paul Polak, the answer is obvious. It’s NOT going to come from anywhere if it’s intended to support giveaway programs like FXB’s — no matter how noble in intent or successful they are on a small scale. As Paul and I explain in detail in our book,The Business Solution to Poverty, the ONLY source of such massive amounts of money is the private sector (which already invests more than $1 TRILLION per year in the Global South: according to the UN, the total was $1.35 trillion in 2012). And that money will be forthcoming only if it promises to realize a profit for the investors who lay it out.

By the way, Paul Polak‘s efforts to end poverty have been successful on a much larger scale than FXB’s: his market-based work, over a similar, 25-year period, lifted more than 17 MILLION people out of poverty.

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