Since the term was coined seven years ago, the concept of “impact investing” has gained considerable traction among investors and philanthropists alike. Impact investments, made with the intent of generating measurable social and environmental impact as well as financial return, have been met with both skepticism from those who doubt the feasibility of their dual nature and enthusiasm from those who herald them as a welcome trend in foreign investment.
Bob Lupton, president of the non-profit FCS Urban Ministries, once wrote, “Give once and you elicit appreciation; give twice and you create anticipation; give three times and you create expectation; give four times and it becomes entitlement; give five times and you establish dependency.” This statement speaks to the situation that in many cases around the world foreign aid has engendered.
The Importance of Financial and Economic Literacy for Policy Makers
By Milenko Sikljovan posted on March 10, 2014 in , ,
The recent financial crisis brought to the fore many of the global interdependencies between government policies and capital markets that had previously been dismissed or overlooked. A report titled “Lessons of the Financial Crisis” by the Council of Foreign Relations argued that the crisis offered “a sobering lesson about the dangers of policies that fuel the rapid buildup of debt across the economy”. Back in 2010, Joseph Stiglitz in his book “Freefall”, argued that “the length of the [financial] crisis will depend on the policies pursued”.
Cultural Barriers to Economic Success for Women: The Importance of Research and Data
By Madeleine Macks posted on February 18, 2014 in ,
As United Nations Secretary General Ban Ki Moon said in his address to the U.N. General Assembly in September, 2013, “The equation is simple: When girls are healthy and in school, when legal frameworks and financial access support women, when women’s lives are free of violence and discrimination, nations thrive.” The Secretary General went on to declare the 21st Century as the century of women, and called for a greater focus on women in future development agendas.
Gross European Happiness: A Challenge for EU Policymakers in 2014
By Jasper Bergink posted on February 13, 2014 in , ,
At the end of January, the place to be for the political chic was the World Economic Forum (WEF) in Davos. Politicians, economist and business leaders met to discuss myriad fundamental challenges to our future, from internet governance to global poverty. The WEF also saw the presentation of a report on “Assessing Global Land Use: Balancing Consumption with Sustainable Supply.”