Alleviating Poverty Through Profitable Partnerships: Globalization, Markets, and Economic Well-Being

"Never before was humankind so well equipped with scientific, financial, technical and intellectual resources and thus enabled to significantly reduce global poverty and eradicate it. The most successful approach combines good governance in the rich and poor countries, prudent foreign aid and wise interactions of NGOs. But it also necessitates innovative and responsible businessmen in small, medium and large companies. They will develop and responsibly exploit business opportunities at the bottom of the income pyramid, create productive employment and offer needed goods and services. Robust partnerships in multi-stakeholder solution teams involving all actors able to bring pieces of the solution puzzle to the table will make a huge difference.