My progressive side just wrote about the efforts of Norway's Government Pension fund to flex its ethical muscles against big businesses such as Wal-Mart. I should make clear though that I see still see a free enterprise as the best, though not only means, of achieving the Millennium Development Goals. Now I am not referring to the United Nations reports, but to the on-the-ground changes in the countries where they matter. I am also definitely not a Milton Freidman unfettered free marketer either. I have gained a great deal of respect for the discipline, innovation and inspiration of business people and believe that they should be incorporated into the efforts of social-entrepreneurs. I need to do a more expanded post on social-entrepreneurship some time soon.
One particular resource combining a no-nonsense business mindset with social ideals has been The Entrepreneurial Mind. Dr. Jeff Cornwall's latest contribution in this particular area was on 7/23/08 Entrepreneurship as Tool to End World Poverty. I am paraphrasing his post here.
The Social Equity Venture Fund (SEVEN), funded through a grant from the John Templeton Foundation, just launched a competition offering $50,000 in funds awarded for the best ideas to develop new indicators and models for investment in emerging market small and medium-sized enterprises. This competition, and its results, are one concrete step in demonstrating the power of entrepreneurship, and business, as a sustainable solution to world poverty. Here is a link to the submission site. which is up until November 15. The second phase of wiki-based collaboration takes place between November 16 and December 15.
Small world, Ayesha Lakhani, who was one of those who introduced me to the Endpoverty by 2015 in India project, left a comment.