“When it comes to the private sector, the biggest mistake the aid world makes is to see business as a homogeneous entity. In our enthusiasm for development led by private sector growth, we forget to ask: “what kind of a business world do we want?” and “what does inclusive and responsible business look like?” This may sound indulgent, when so many countries are in need of so much more investment and growth. But asking about the kind of businesses we want isn’t a case of letting ‘perfect be the enemy of the good’. It’s a question of maximising our impact on poverty (and as a side-effect building a nicer economy).
So far, I sound like a typical NGO private sector preacher – highlighting that quality is as important as quantity when it comes to private sector development. But bear with me, I promise to try to say something you might not have heard before…”
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