On the private sector and the poor
In UNLEASHING ENTREPRENEURSHIP: MAKING BUSINESS WORK FOR THE POOR.
Commission on the
Commission on the Private Sector & Development. UNDP.
It is against this urgent background that Secretary-General Kofi Annan asked us to convene the Commission on the Private Sector and Development to answer two questions.
- How can the potential of the private sector and entrepreneurship be unleashed in developing countries?
- And how can the existing private sector be engaged in meeting that challenge?
The report offers recommendations on how the major actors—
- governments,
- public development institutions,
- the private sector and
- civil society organizations—
can modify their actions and approaches to significantly enhance the ability of the private sector to advance the development process. The objective of poverty alleviation leads us to focus on developing businesses that create domestic employment and wealth—by unleashing the capacity of local entrepreneurs.
It is the capacity, drive and innovation of entrepreneurs
that increase the impact of a broadly constituted private sector. Entrepreneurship encompasses the actions of small, informal, village based village based individuals as much as it does that of the managers and innovators in multinational corporations and large local companies. It is their voices that we have heard the loudest. (p6-7pv).
Key Notes:
The objective of poverty alleviation leads us to focus on developing businesses that create domestic employment and wealth—by unleashing the capacity of local entrepreneurs.
The Commission on the Private Sector & Development. UNDP.
How the capabilities of the private
sector can best be harnessed for the
cause of development and poverty
alleviation?.
Answer:
- successful approaches that originate with the traditional development players, such as the multilateral development institutions and bilateral aid agencies. (See also the Biotech tropicana Systems P1 Development Model)
- innovative approaches implemented by the private sector—both by companies and civil society organizations. Those approaches rely on market mechanisms and private sector incentives and thus lend themselves much more to the replicability and scalability that we believe needed. (See also the Biotech tropicana Systems P2 Development Model)
- One of our key observations is the lack of knowledge about best practices and the great need for more sustained research and analysis of what works and what doesn’t. (See also Development Seminars, Development Forum, Biotech tropicana Systems).
ideas and conclusions are presented as directional, to elicit reaction and constructive dialogue. The intent is to catalyze a renewed coalition of the major stakeholders—focused more clearly on the challenges outlined here. Such a coalition is essential to unleashing the capacity of the private sector, to achieving the Millennium Development Goals and to alleviating poverty.
UNLEASHING THE POTENTIAL OF THE PRIVATE SECTOR
- Building the foundations
- Erecting the pillars
Comments:
Governments are responsible for building the foundations and the pillars of development for the private sector. Where governments failed to do so, the private sector will have to take over control as part of its contribution to country development. The Biotech tropicana incubator Systems are designed to contain internal private foundations and pillars for its internal development programs. Where positively used the Biotech tropicana Systems may open its internal capacities to the resource poor communities to help them take their ideas to markets; as part of the Biotech tropicana Systems financial and technical assistance program to the resource poor communities.
Aboubakar YARI & Venus YARI
Biotech tropicana Systems.
| 
