Thursday, 24th July 2008

 

14 May 2008 - David Bain

Philanthropy dominates dealings with developing world, survey

Private giving and investment from donor countries to developing nations account for more than 75% of developed countries entire economic dealings with the developing word, according to the Index of Global Philanthropy.

The findings show that government aid, or “official development assistance” only constitutes a small amount to the growth and development of poor countries.

The Index, published by Hudson Institute's Center for Global Prosperity, also provides examples of how the traditional "donor-to-recipient" model of foreign aid is being changed through public-private partnerships.

This is happening through some government aid agencies changing their foreign aid business model to link with new private programmes run by foundations, corporations, charities, universities, and religious organisations.

The study also highlighted new trends in giving such as cause-related marketing, fair-trade movements, and internet giving.

More detail on the index is available at: www.global-prosperity.org

Index of global philanthropy

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