Kleiner Perkins Caufield & Byers said Thursday that it will establish a $100,000 annual prize to promote technology or policy innovation in green technology. "This award will encourage innovation in sustainable, green growth," said KPCB partner Brook Byers.
The country could have either of two starkly contrasting futures. One road leads to a market economy under the rule of law, with a civilized political order; the other leads to crony capitalism.
The informal sector plays a significant role in developing countries viz. the provision of employment, income and supplying ignored markets. However, working and employment conditions within the sector are still poor. Its expansion and changing structures have thus drawn the attention of scholars and international policy makers to the factors hindering its formalisation. Among the factors addressed are the high costs of formalisation and the lack of incentives for operating in the formal sector.
Pangea is an educational retail shop and café which opened this week at the IFC headquarters here in DC.
ABC News argues that food and financial aid often only enrich the corrupt, not reaching the poor they are meant to help. See this
great six minute video with John Stossel on the story, where he sees for himself how hard it is to register a business in some countries and has some tough questions for Sachs and Bono on the benefit of giving more aid.