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Enterprise Development
Private sector development (PSD) is a term in the international development industry to refer to a range of strategies for promoting economic growth and reducing poverty in developing countries by building private enterprises. This could be through working with firms directly, with membership organisations to represent them, or through a range of areas of policy and regulation to promote functioning, competitive markets. Overview Supporters argue that PSD is an important part of poverty reduction. Whether as workers, subsistence farmers or entrepreneurs, most poor people already participate in markets. Strengthening these markets in ways that secure higher incomes for the poor is therefore seen by PSD advocates as a fair and efficient way to fight poverty. Earning a decent income in the private sector, it is argued, is also more dignifying than relying on hand-outs. An April 2013 EPS PEAKS paper found a strong and well-established case for donors to intervene in private markets ...
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Economic Growth
Economic growth can be defined as the increase or improvement in the inflation-adjusted market value of the goods and services produced by an economy in a financial year. Statisticians conventionally measure such growth as the percent rate of increase in the real gross domestic product, or real GDP. Growth is usually calculated in real terms – i.e., inflation-adjusted terms – to eliminate the distorting effect of inflation on the prices of goods produced. Measurement of economic growth uses national income accounting. Since economic growth is measured as the annual percent change of gross domestic product (GDP), it has all the advantages and drawbacks of that measure. The economic growth-rates of countries are commonly compared using the ratio of the GDP to population (per-capita income). The "rate of economic growth" refers to the geometric annual rate of growth in GDP between the first and the last year over a period of time. This growth rate represents the trend in ...
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COVID-19 Pandemic
The COVID-19 pandemic, also known as the coronavirus pandemic, is an ongoing global pandemic of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The novel virus was first identified in an outbreak in the Chinese city of Wuhan in December 2019. Attempts to contain it there failed, allowing the virus to spread to other areas of Asia and later worldwide. The World Health Organization (WHO) declared the outbreak a public health emergency of international concern on 30 January 2020, and a pandemic on 11 March 2020. As of , the pandemic had caused more than cases and confirmed deaths, making it one of the deadliest in history. COVID-19 symptoms range from undetectable to deadly, but most commonly include fever, dry cough, and fatigue. Severe illness is more likely in elderly patients and those with certain underlying medical conditions. COVID-19 transmits when people breathe in air contaminated by droplets and ...
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Entrepreneurial Ecosystem
An entrepreneurial ecosystems or entrepreneurship ecosystems are peculiar systems of interdependent actors and relations directly or indirectly supporting the creation and growth of new ventures. The ecosystem metaphor "Ecosystem" refers to the elements – individuals, organizations or institutions – outside the individual entrepreneur that are conducive to, or inhibitive of, the choice of a person to become an entrepreneur, or the probabilities of his or her success following launch. Organizations and individuals representing these elements are referred to as entrepreneurship stakeholders. Stakeholders are any entity that has an interest, actually or potentially, in there being more entrepreneurship in the region. Entrepreneurship stakeholders may include government, schools, universities, private sector, family businesses, investors, banks, entrepreneurs, social leaders, research centers, military, labor representatives, students, lawyers, cooperatives, communes, multinationa ...
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Economic Development
In the economics study of the public sector, economic and social development is the process by which the economic well-being and quality of life of a nation, region, local community, or an individual are improved according to targeted goals and objectives. The term has been used frequently in the 20th and 21st centuries, but the concept has existed in the West for far longer. " Modernization", "Westernization", and especially "industrialization" are other terms often used while discussing economic development. Historically, economic development policies focused on industrialization and infrastructure; since the 1960s, it has increasingly focused on poverty reduction. Whereas economic development is a policy intervention aiming to improve the well-being of people, economic growth is a phenomenon of market productivity and increases in GDP; economist Amartya Sen describes economic growth as but "one aspect of the process of economic development". Economists primarily focus on the g ...
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Dutch Ministry Of Foreign Affairs
The Ministry of Foreign Affairs ( nl, link=no, Ministerie van Buitenlandse Zaken; BZ) is the Netherlands' ministry responsible for foreign relations, foreign policy, international development, international trade, diaspora and matters dealing with the European Union, NATO and the Benelux Union. The ministry was created in 1798, as the Department of Foreign Affairs of the Batavian Republic. In 1876, it became the Ministry of Foreign Affairs. The Minister of Foreign Affairs is the head of the ministry and a member of the Cabinet of the Netherlands, the incumbent acting minister is Wopke Hoekstra. The Minister for Foreign Trade and Development Cooperation is a minister without portfolio within the Ministry of Foreign Affairs, its incumbent minister is Liesje Schreinemacher. History The Ministry was formed in 1798 as the Department of Foreign Affairs. Since 1965 a special Minister for International Development has been appointed in each government with the exception of the ...
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Deutsche Gesellschaft Für Internationale Zusammenarbeit
The Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH (English: ''German Agency for International Cooperation GmbH''), often simply shortened to GIZ, is the main German development agency. It is headquartered in Bonn and Eschborn and provides services in the field of international development cooperation and international education work. The organization's self-declared goal is to deliver effective solutions that offer people better prospects and sustainably improve their living conditions. GIZ's main commissioning party is Germany's Federal Ministry for Economic Cooperation and Development (BMZ). Other commissioners include European Union institutions, the United Nations, the private sector, and governments of other countries. In its projects GIZ works with partners in national governments, actors from the private sector, civil society and research institutions. Additionally, in cooperation with the German Federal Employment Agency, GIZ operates the Centre fo ...
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Foreign, Commonwealth And Development Office
The Foreign, Commonwealth & Development Office (FCDO) is a department of the Government of the United Kingdom. Equivalent to other countries' ministries of foreign affairs, it was created on 2 September 2020 through the merger of the Foreign & Commonwealth Office (FCO) and the Department for International Development (DFID). The FCO, itself created in 1968 by the merger of the Foreign Office (FO) and the Commonwealth Office, was responsible for protecting and promoting British interests worldwide. The head of the FCDO is the Secretary of State for Foreign, Commonwealth and Development Affairs, commonly abbreviated to "Foreign Secretary". This is regarded as one of the four most prestigious positions in the Cabinet – the Great Offices of State – alongside those of Prime Minister, Chancellor of the Exchequer and Home Secretary. James Cleverly was appointed Foreign Secretary on 6 September 2022. The FCDO is managed day-to-day by a civil servant, the permanent under-secret ...
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Danish International Development Agency
Danish International Development Agency (DANIDA) is the brand used by the Ministry of Foreign Affairs of Denmark when it provides humanitarian aid and development assistance to other countries, with focus on developing countries. There is no distinct Danida organisation within the Ministry. Origin of name The organisation's name was originally DANAID. In Greek mythology, the Danaids were daughters of Danaus who killed their husbands and were condemned to fill a bathtub with water to wash away their sins. Because the buckets they were given to do this were actually sieves, they worked for all eternity in Tartarus without making any progress. For this reason, the aid agency's name was changed from DANAID to DANIDA at the last minute when this unfortunate connotation was discovered. The term Danida appeared in 1963. Overview Denmark has been granting development assistance since the end of the Second World War. It is one of the five countries in the world that meets the United Nati ...
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Corporate Social Responsibility
Corporate social responsibility (CSR) is a form of international private business self-regulation which aims to contribute to societal goals of a philanthropic, activist, or charitable nature by engaging in or supporting volunteering or ethically oriented practices. While once it was possible to describe CSR as an internal organizational policy or a corporate ethic strategy, that time has passed as various national and international laws have been developed. Various organizations have used their authority to push it beyond individual or even industry-wide initiatives. In contrast, it has been considered a form of corporate self-regulation for some time, over the last decade or so it has moved considerably from voluntary decisions at the level of individual organizations to mandatory schemes at regional, national, and international levels. Moreover, scholars and firms are using the term "creating shared value", an extension of corporate social responsibility, to explain ways of d ...
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Corporate Governance
Corporate governance is defined, described or delineated in diverse ways, depending on the writer's purpose. Writers focused on a disciplinary interest or context (such as accounting, finance, law, or management) often adopt narrow definitions that appear purpose-specific. Writers concerned with regulatory policy in relation to corporate governance practices often use broader structural descriptions. A broad (meta) definition that encompasses many adopted definitions is "Corporate governance” describes the processes, structures, and mechanisms that influence the control and direction of corporations." This meta definition accommodates both the narrow definitions used in specific contexts and the broader descriptions that are often presented as authoritative. The latter include: the structural definition from the Cadbury Report, which identifies corporate governance as "the system by which companies are directed and controlled" (Cadbury 1992, p. 15); and the relational-structura ...
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Canadian International Development Agency
The Canadian International Development Agency (CIDA) was a federal Canadian organization that administered foreign aid programs in developing countries. The agency was merged into the Department of Foreign Affairs in 2013 by the federal government under Prime Minister Stephen Harper. History CIDA was formed in 1968 by the Canadian government under Lester B. Pearson. CIDA reported to the Parliament of Canada through the Minister for International Cooperation. Its mandate was to "support sustainable development in developing countries in order to reduce poverty and contribute to a more secure, equitable, and prosperous world." CIDA had its headquarters at 200 Promenade du Portage in Gatineau, Quebec. CIDA funding was the subject of intense debate, and the Conservative government made major revisions to the funding process, including reductions to NGOs described as supporting "left-leaning causes", such as Montreal-based Alternatives. Demise In March 2013, the Conservative go ...
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AusAID
Australian Aid is the brand name used to identify projects in developing countries supported by the Australian Government. As of 2014 the Department of Foreign Affairs and Trade (DFAT) has been responsible for Australia's official development assistance ( foreign aid) to developing countries. The Australian Development Assistance Agency (ADAA) was founded in 1974 under the Whitlam Government, renamed the Australian Development Assistance Bureau (ADAB) in 1976, then the Australian International Development Assistance Bureau (AIDAB) in 1987, before becoming the Australian Agency for International Development, known as AusAID, in 1995. It was merged into DFAT without prior consultation by the Abbott Government in 2014, with aid slashed to most regions apart from the Pacific region. History Organisational changes The agency saw a variety of names and formats. It was founded in 1974 under the Whitlam Labor government as the Australian Development Assistance Agency (ADAA) to fulf ...
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