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

Mills Scofield

Thoughts on Charity, Foreign Aid and Market Incentives - Tanzania. Among this group has been a founder of a wildlife foundation, a married Wall Street duo, a management consultant, his digital artist wife, and an urban planner. He worked in a firm that supported fixed income investments in emerging markets.

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Global Entrepreneurs Need New Funding Models

Harvard Business Review

In low-income countries, according to World Bank data in a recent paper by the consultancy Dalberg, 43% of businesses with between 20 and 99 employees say that access to finance is a major constraint. The White House has called this gap between the demand and supply of finance for small and medium enterprises a "market failure.[and]

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An Approach to Ending Poverty That Works

Harvard Business Review

Microfinance and other market-based interventions don’t generally reach them. Unfortunately, these trends still have little to no impact on the lives of a critical and chronically marginalized subset of the extreme poor around the world, those living on less than 60 to 70 cents per day.

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How Social Entrepreneurs Can Have the Most Impact

Harvard Business Review

My organization, The Bridgespan Group, received 1,800 applications for 18 entry-level positions consulting to nonprofits and philanthropy. Meanwhile, 19,000 high-scoring college graduates across the U.S. applied for Teach for America—including 10% of the graduating classes of Dartmouth and Yale.

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President Obama Can Make Start-Up America Succeed

Harvard Business Review

Opportunities and markets are global. Entrepreneurs don't need to help America beat China or Brazil in addressing the needs of customers and markets. Microfinance (Bangladesh), securitization of revenues (Saudi Arabia), and royalty-pay-back funding (Israel) were all invented overseas. This is not a contradiction.