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the biggest challenge
The number one problem in the world is poverty, particularly as the root of many other social ills. For individuals, poverty creates a vicious circle of living circumstances that often precludes higher education, adequate health care and a voice in community social and political affairs. In poor neighborhoods, here in the US and throughout much of the developing world, poverty hits women and young people the hardest. Women worldwide own less than 5% of the land and receive less than 15% of the income.
Kirk Magleby, author of Microfranchises as a Solution to Global Poverty, observed that the developing world suffers an acute paucity of strong small- and medium-sized enterprises (SMEs), dooming far too many countries to low economic growth rates, high unemployment, social unrest, and all the other pathologies that breed in poverty.
My objective, and that of my partners, is to help increase the number of SMEs in developing countries.
One such approach is the Options Senegal business model in Western Africa: www.optionssenegal.com
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