Is the '4th sector' the future of international development?

Is the ‘fourth sector’ the future of international development?

According to a recent report by Accenture Development Partnerships, digital revolution and innovative financing are reshaping the convergent forces that define international development, leading to a so-called fourth sector with the potential to become a game changer on how the industry works in the next decade.

But what is this “fourth sector” and how will it blend the best aspects of the private and public sectors with civil society to better tackle development challenges and maximize impact?

In this video interview on the sidelines of the Clinton Global Initiative’s annual meeting in New York, Devex President and Editor-in-Chief Raj Kumar discussed the buzz topic with Gib Bulloch, founder and executive director of ADP.

Click on the above clip to learn more insights from Bulloch on how the “fourth sector” stands to shake up the current traditional structures of international development work, which initiatives and organizations are already leaning toward the new approach, and why this will mean change for all stakeholders.

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About the author

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    Carlos Santamaria

    As associate editor for breaking news, Carlos Santamaria supervises Devex's Manila-based news team and the creation of our daily newsletter. Carlos joined Devex after a decade working for international wire services Reuters, AP, Xinhua, EFE and Philippine social news network Rappler in Madrid, Beijing, Manila, New York and Bangkok. During that time, he also covered natural disasters on the ground in Myanmar and Japan.