Bottom-up capitalism offers incentives to boost developing economies and help the global market.
by Rajendra Prabhu
“Poverty itself is a tremendous barrier to participation, yet without promoting participation and inclusion, poverty reduction policies may simply never be well implemented. Hence, it is important to both removing barriers to participation and promoting active participation. Social inclusion is impossible to achieve without a high degree of political inclusion, which entails democratic participation and a role for all in society.”
— U.N. document, “Rethinking Poverty:
A Report on the World Social Situation 2010”
Across the world, governments, entrepreneurs, political parties, and civil society are beginning to understand that there could be no end to poverty unless the poor are involved as participants in shaping their own future.
In the Araku valley in the Andhra Pradesh state of India, the Nandi Foundation organized some 100,000 tribal farmers into a cooperative society to turn their semi-waste lands into coffee plantations. They received wages for working their own farms rather than charity handouts from the foundation. It instead used modern business practices to grow organic coffee to be marketed abroad.
Nandi Foundation’s CEO Manoj Kumar revealed plans for …
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