The case for accelerating profit-making at the base of the pyramid: what could and should the donor community be seeking to do, and what results should it expect?
Article first published online: 30 JUL 2007
Copyright © 2007 John Wiley & Sons, Ltd.
Journal of International Development
Special Issue: DSA 2006 Annual Conference: The Private Sector, Poverty Reduction and International Development
Volume 19, Issue 6, pages 781–792, August 2007
How to Cite
Fitch, B. and Sorensen, L. (2007), The case for accelerating profit-making at the base of the pyramid: what could and should the donor community be seeking to do, and what results should it expect?. J. Int. Dev., 19: 781–792. doi: 10.1002/jid.1398
- Issue published online: 30 JUL 2007
- Article first published online: 30 JUL 2007
- directly engaging international business;
- poverty reduction;
Donors increasingly acknowledge that, without the participation of the private sector, achievement of the Millennium Development Goals is unlikely. Up until recently, priority has been given to improving the business enabling environment in developing countries, so as to remove unnecessary impediments to profit-making activity. Whilst this approach has undoubted merit it does not yet seem to be stimulating change at the pace or scale required. This paper argues that there is now a clear case for directly engaging international business in the poverty reduction agenda. It argues that such efforts will have the greatest development impact where profit-making is the driving force, and considers how the impact of such initiatives might best be measured. Copyright © 2007 John Wiley & Sons, Ltd.