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Guest Post: An Entrepreneur's Thoughts on Market Incentives & Foreign Aid

Mills Scofield

It may seem obvious, but when I spend all day thinking what is most cost effective and what is the most efficient allocation of resources, it is easy to lose track of the human dimension of charitable giving. In Zanzibar it would cover a doctor’s salary for 1.5 I am beginning to learn that charity does not work that way.

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It Takes a Village to Raise an Entrepreneur

Harvard Business Review

A hybrid approach is exemplified by startup Frogtek, which develops software for local shopkeepers in emerging markets to more efficiently track their inventory, leading to better purchasing decisions and greater profits. In dealing with customers and beneficiaries, hybrids face difficult tradeoffs in determining the best ways to price goods.