Looking for a gift for your socially-conscious significant other? Try chocolate.
According to Bill Easterly in today’s Washington Post.
Economic development in Africa will depend -- as it has elsewhere and throughout the history of the modern world -- on the success of private-sector entrepreneurs, social entrepreneurs and African political reformers. It will not depend on the activities of patronizing, bureaucratic, unaccountable and poorly informed outsiders… Development everywhere is homegrown.
Wharton hopes to solve thorny development problems by recasting them as business opportunities. Ian MacMillan’s paper “Societal Wealth Creation via Experimental Entrepreneurship” reports on four pilot projects that have received seed funding. As Knowledge-@-Wharton puts it:
The SolarAid, including the solar charger and an extra pair of batteries, sells for less than $100, and is built to last at least two to three years.
Capitalization of emerging stock markets set to exceed $5 trillion for first time.
Some hopeful and some less hopeful stories from Jon Snow, writing in the Guardian earlier this month. He describes a malaria net factory in Arusha:
The man seated next to me my first time at Tomsed was composing a message by the hunt and peck method. He pressed one letter on the keyboard, searched for the next, pressed that one, and so on. It was his one-fingered technique that attracted my attention, but when my eye alighted- not entirely accidentally- on his text, I caught my breath. The man was composing a 419 letter. A real-live scam artist sitting next to me.