India Uncut
This blog has moved to its own domain. Please visit IndiaUncut.com for the all-new India
Uncut and bookmark it. The new site has much more content and some new sections, and you can read about them here and here. You can subscribe to full RSS feeds of all the sections from here.
This blogspot site will no longer be updated, except in case of emergencies, if the main site suffers a prolonged outage. Thanks - Amit.
Thursday, September 01, 2005
Wealth creation, not wealth substitution
CK Prahalad writes in the Wall Street Journal:
(Link via reader Anuj Tiku.)
To “make poverty history,” leaders in private, public and civil-society organizations need to embrace entrepreneurship and innovation as antidotes to poverty. Wealth-substitution through aid must give way to wealth-creation through entrepreneurship.Read the full piece here if you are a subscriber to the WSJ; if not, I've quoted a couple of more extracts on The Indian Economy Blog that illustrate what Prahalad is talking about.
(Link via reader Anuj Tiku.)
