19. What has changed in the development sector?
In the last ten years the development paradigm has evolved from the aid model to the disciplined investment model that demands both financial and social returns. This paradigm shift coincides with the change in views about people in low-income regions and the relationship between charity and global poverty. People want dignity, not dependence. They need market-based approaches to sustain growth and break the poverty cycle that depends on charity dollars.
We believe that international aid is a powerful and relevant tool in certain situations, but that in the long run market-based solutions and private sector development will more significantly contribute to poverty alleviation while opening the door to more business opportunities than in the past decades.