The Beauty of Risk Capital Philanthropy

    Traditional aid has drawn criticism for being ineffective. The so-called risk capital philanthropy can help address this challenge, argues Matthew Bishop, co-author of "Philanthrocapitalism: How the Rich can Save the World." The presence of private foreign partners on the ground, he says, could reduce the likelihood of wasteful spending by recipient governments.

    About the author

    • David Lepeska

      David has served as U.N. correspondent for the newswire UPI and reported for several major newspapers, including the New York Daily News and Newsday. He was chief correspondent for the Kashmir Observer in Srinagar, India, and regularly contributes to the Economist, among other publications. Since 2007, David has reported for Devex News from Washington, New York, as well as South Asia.

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