Market-Based Solutions for Financing Philanthropy
By Arthur Wood and Maximilian Martin, , July, 2006
The current structures of international finance provide for two primary formal mechanisms through which funding is directed to address the many social issues across the globe: multilateral governmental models which are resourced through national taxation; and large private grant-making foundations. But as the pace of globalization increases, these models are proving to be inadequate in their ability to tackle effectively such social issues as education, economic development, health, human rights and poverty.
What are some of the main weaknesses in the system? Whether the amount of funding provided to governments and NGOs for development is enough or too little is hotly debated. Yet almost everyone would agree that a major problem is the distribution and effective use of the money. There is disturbing evidence that this money often does not reach the people most in need, where it is crucial for social change.
>> View Article | created on: 09/26/2006
