Can Business Solve Poverty?

http://www.fastcompany.com/3019158/leadership-now/can-business-solve-poverty

http://www.huffingtonpost.com/bj-gallagher/mal-warwick-and-paul-polak_b_4019605.html

http://www.scmp.com/news/hong-kong/article/1320612/sutherlands-passion-solve-problem-poverty

In a world dominated by massive corporations and an overwhelming global struggle for the dollar, it can be difficult to see the bright side of the seemingly destructive world of business. Now, don’t get me wrong, one cannot deny the corruption and social turmoil inevitably caused by our First World obsession with wealth and power. But, what if I said that business could in fact be the solution to the immense humanitarian problems it has caused. Could business actually solve poverty?

Across the globe, there are hundreds of inspired individuals who believe so and are working towards that very goal. Through hands-on teaching, numerous NGO’s, and the support of businesses around the world, people living in underdeveloped countries are being given opportunities to better their own lives and their communities. Families, including women, are being taught how to become involved in and start their own small businesses. This stimulates the local, national, and global economies and empowers people to break the cycle of poverty. Businesses like these create jobs for others in the community and “catalyze long-term economic growth,” yielding both “social and environmental benefits.”

The issue of global poverty is one that is very close to my own heart. My experiences of the tragedies of poverty and the impact it can have on communities and entire countries is something I will always carry with me. However, I believe in the power of business to make the world a better place, not worse. I believe in people. I know the stereotype of the corporate world: ruthless and power-hungry, profit being the only thing that matters; but I know that it is the business people – the innovators and creators, the visionaries and leaders – that will change the world. As the fortuitous residents of the developed world, I believe we have a responsibility to share the wealth and to use our prosperity to help others. As the young new generation of business people, of visionaries and leaders, I know we have a responsibility do better than the generations before us. So, yes, I believe that business actually can solve poverty and I intend to be a part of that solution.

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