What role do companies that are both local and global play in international development?
“Local context is everything,” Grant Thornton Director Ken Lanza told Devex Partner Alan Robbins at Devex World, emphasizing the importance of being able to draw on the expertise of local professionals among its member companies.
Drawing on the example of the U.S. Agency for International Development, which provides a “big part of its budget for local companies,” Lanza said that localization is now a “critically important” area of focus for development organizations.
Watch the video above for more on how Grant Thornton at the same time implements development projects and develops local business in a dual approach to understanding and executing its contracts with USAID.
In recent years India has transitioned from being a recipient of global aid to become a net contributor, having undergone several fundamental economic changes.
Domestic resources and a thriving private sector are key to the country’s growth, Grant Thornton Partner and Practice Leader Vikesh Mehta told Devex Partner Alan Robbins at Devex World, explaining the knock-on effect on his company’s own work in India.
Watch the video above to learn how Grant Thornton’s work has grown and evolved, how Mehta leveraged the experience of U.S. and U.K. firms as well as external service providers, and hear his advice for colleagues in developing world member firms.
Follow Focus On: Devex World for more conversations emerging from the global development event of the year.