Alleviating Poverty Through Profitable Partnerships

Our thesis is that poverty can be reduced, if not eradicated, both locally and globally if we change our shared narratives about global free enterprise, and conceive of poverty alleviation as a "bottom up" project.. Poverty is an unnecessary form of human degradation and badly conceived economics. Our thesis is that poverty can be reduced, if not eradicated, both locally and globally. But this will occur only if we change our shared narratives about global free enterprise, remind ourselves that poverty is a system, and conceive of poverty alleviation as a "bottom-up" project. There is no "one size fits all" for poverty reduction. Rather, poverty is a system and must be addressed locally. It is our aim, as it is the aim of the United Nations, the World Bank, and many other organizations, to erase it from our vocabulary and from this planet. With a series of case studies that accompany each chapter, this book should assist readers in thinking about poverty alleviation from a number of perspectives, from bottom-up entrepreneurial projects, local-corporate ventures, with public–private partnerships, from focused philanthropy, with education and health care initiatives, and agriculture reforms in rural communities, all with the aim of creating a win-win result for local and partnership individuals, organizations, and communities. The book should be useful in various undergraduate and graduate courses on ethics, applied ethics, developing economic systems, and poverty.

In this book, the authors approach poverty alleviation from an atypical perspective. The thesis is that poverty can be reduced, if not eradicated, both locally and globally, but this will occur only if we change our shared narratives about global free enterprise, and only if we recalibrate our mindsets regarding how poverty issues are most effectively addressed. They argue that poverty amelioration cannot be effected by the traditional means employed during the last century-foreign aid from developed nations and/or from non-profit international organizations. Rather, the authors present evidence which demonstrates that a mindset embracing initiatives developed by global corporations in response to the poverty challenge is significantly more effective. Global companies can alleviate poverty by seizing market opportunities at the Base of the economic Pyramid (BoP) with the implementation of three key processes: moral imagination, systems thinking, and deep dialogue. This approach to alleviating poverty offers some powerful ideas backed by the support of some of the leading Business Ethics minds in the United States. These scholars, some of whom are on the author team, have created a book that is unique and provocative yet still ideal for courses at the undergraduate level.