When poverty means business |

When poverty means business


Though home to some of the world’s most dynamic economies, Asia still faces critical challenges in its fight against poverty. Despite huge success in reducing poverty in some places, many Asian countries are still lagging in a number of key areas such as maternal mortality, health, access to water, and hunger. As enterprise innovation flourishes and technology offers new solutions to reach the poor, we must increasingly examine what role the private sector can play and is playing in reducing poverty. The explosion of social enterprises addressing an array of problems at the so-called ‘bottom of the pyramid’ offers reason for great hope that business can be a major driver of inclusive growth. And whether it’s an SME start-up providing a low-cost water storage solution, or a multi-billion dollar investment bank seeking to channel capital with social and environmental goals in mind, the business of poverty reduction is clearly being transformed. But do market solutions to poverty reduction always deliver equitable, sustainable outcomes for the poor? And indeed, would the failure to address rising inequality, vulnerability and climate risks create greater economic, political and social risk for businesses?
Drawing from his long experience in international development in Asia, the speaker will examine how the business agenda on poverty is evolving from a traditional philanthropic approach towards one which addresses the impacts of core business practices on the poor, and how this evolution is being perceived from outside the business community.

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Ashvin Dayal, Managing Director, Asia, The Rockefeller Foundation

Wednesday, 07 April 2010
5.30 p.m. - 7.00 p.m.

UBS AuditoriumOne Raffles Quay, Level 49
North Tower
Singapore 048583

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