It is widely acknowledged that the United Nations has significant impact on helping the least developing countries. Affiliated with UNDP, the United Nations Capital Development Fund (UNCDF) is one of important voluntarily funded organizations , which“assists developing countries in the development of their economies by supplementing existing sources of capital assistance by means of grants and loans” (General Assembly Resolution 2186, 13 December 1966). It is undeniable that it gets donation which is a relatively large sum of money from each member countries every year. This did make a contribution to the economic development of impoverished countries in the last few years. However, it seems that the organization still faces the problem of funding shortage.
From where I stand, what the United Nations has done is not so sustainable as they require a huge amount of money to help the poor when they has, to some extent, nothing in return. Unlike the social entrepreneurs, who are businessmen focusing on creating share values as well as making their own profit, the charity organizations like the UN are not that helpful for the least developing countries in the long term. In the contrary, some business like micro finance and boutiques shops offered by social entrepreneurs would be extremely helpful. The reasons could be divided into 3 parts. Firstly, it enhances the local people’s understanding of how to do business which would be beneficial to the local economic development. Secondly, some local get a job opportunity. It eases their pressure for basic living. Last but not least, the social entrepreneurs can gain revenue from their business. This makes their business sustainable and encourages them to do it better to trade for social purposes.
Citation
http://skollworldforum.org/about/what-is-social-entrepreneurship/
http://www.uncdf.org/en/our-organization
http://www.uncdf.org/sites/default/files/Download/income-2013.pdf
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