Companies are moving from corporate social responsibility to seeing these partnerships as Profit and Loss investments, with a huge potential for business growth.
Maura O'Neill, is the Chief Innovation Officer and Senior Counselor to the Administrator at the US Agency for International Development (USAID). She highlights several ways that USAID fosters international innovation & development in poorer countries, in a way that all can benefit.
USAID pioneered innovations in development including:
- the green revolution and oral rehydration therapy, saving millions of lives globally
- pioneering mobile money in Afghanistan and Haiti, enabling their citizens to use their phones to send and receive money, purchase goods, pay bills, or run businesses helping transform their national economies
- Smart partnerships are emerging between companies, governments, and philanthropists with a huge potential for business growth in the developing world
- companies have moved from corporate social responsibility to increasingly seeing these partnerships as Profit and Loss investments.
- Partnering “mashes up” USAID deep development expertise with the private sector to help make development strides permanent.