Fascinating and hopeful article. Just as multinationals are waking up to the risk of climate change - and adjusting business strategy accordingly - they will also come to the realization that the era of cheap labor is coming to an end. China has completed its industrial revolution and is now offshoring manufacturing jobs to Africa and elsewhere in Asia. Once the world exhausts its supply of $100 a month workers, it has three choices: automate (which is already happening), raise wages, or find more workers. One way to find more workers is to invest in inexpensive interventions, like the ones you mention, to keep children healthy and educated and get them ready for work. $3 invested today could produce a productive factory worker in as little as 10 years. A good investment, if you ask me. poorpeopleblog.com
The Social Impact Bond or Pay for Success financing models in the U.K. and U.S. have developed slowly and cautiously while waiting to see the measurable successes of these innovative approaches in addressing some of the intractable issues of our times. I certainly hope that the growth and expansion of Development Impact Bonds will similarly be based on a thorough evaluation of what is working or not rather than rushing with emotion and excitement. A greater emphasis on outcomes as an important and key measure of successful implementation of a development project is clearly the right approach where everyone wins, those who need services, as well as those who invest for a return, and those who are willing to guarantee payment with interest.
Such a brilliant proposal and captured so succinctly that it grabs you by the collars and makes you want to raise your hand and say, I want to invest in a DIB!!! Written with intelligence and heart the article provides such a wealth of insight on DIBs creating hopefully a lot of awareness on this awesome private-public partnership. Everyone stands to win especially those who need it the most!!
These ideas are excellent and if companies get inspired by these ideas and start investing in DIB then the whole environment will change. It really has the potential for large scale impact. Our childten will be empowered with education; vaccination will eradicate diseases and so on. The possibilities are endless. Think about that! And the investors will also reap in the benefits thus encouraging further interest and investments in highly impactful initiatives
COMMENTS
BY lalit soni
ON December 16, 2014 10:15 AM
Very innovative
BY Alexander McHugh
ON December 16, 2014 05:28 PM
Fascinating and hopeful article. Just as multinationals are waking up to the risk of climate change - and adjusting business strategy accordingly - they will also come to the realization that the era of cheap labor is coming to an end. China has completed its industrial revolution and is now offshoring manufacturing jobs to Africa and elsewhere in Asia. Once the world exhausts its supply of $100 a month workers, it has three choices: automate (which is already happening), raise wages, or find more workers. One way to find more workers is to invest in inexpensive interventions, like the ones you mention, to keep children healthy and educated and get them ready for work. $3 invested today could produce a productive factory worker in as little as 10 years. A good investment, if you ask me. poorpeopleblog.com
BY sbelette76@gmail.com
ON December 17, 2014 01:01 PM
The Social Impact Bond or Pay for Success financing models in the U.K. and U.S. have developed slowly and cautiously while waiting to see the measurable successes of these innovative approaches in addressing some of the intractable issues of our times. I certainly hope that the growth and expansion of Development Impact Bonds will similarly be based on a thorough evaluation of what is working or not rather than rushing with emotion and excitement. A greater emphasis on outcomes as an important and key measure of successful implementation of a development project is clearly the right approach where everyone wins, those who need services, as well as those who invest for a return, and those who are willing to guarantee payment with interest.
BY Abira
ON December 17, 2014 01:35 PM
Such a brilliant proposal and captured so succinctly that it grabs you by the collars and makes you want to raise your hand and say, I want to invest in a DIB!!! Written with intelligence and heart the article provides such a wealth of insight on DIBs creating hopefully a lot of awareness on this awesome private-public partnership. Everyone stands to win especially those who need it the most!!
Thank you Antara!!
BY Chitra
ON December 18, 2014 04:38 AM
These ideas are excellent and if companies get inspired by these ideas and start investing in DIB then the whole environment will change. It really has the potential for large scale impact. Our childten will be empowered with education; vaccination will eradicate diseases and so on. The possibilities are endless. Think about that! And the investors will also reap in the benefits thus encouraging further interest and investments in highly impactful initiatives
BY Wolf Chiappella
ON December 23, 2014 05:18 PM
Great!. Very innovative