Watchdogs on Investment in the Developing World

india_hp.jpgWe’ve talked a lot about the importance of encouraging investment in underdeveloped parts of the world, but the importance of making sure those investments really benefit the people and communities they serve cannot be underestimated.
This Sydney Morning Herald article talks about some innovations that Hewlett Packard has made in India that allow small businesses to cheaply rent HP equipment to run small photo studios and other businesses. But, it is pointed out that there remains great debate about the appropriateness of some kinds of corporate investment.
On one hand, C.K. Prahalad “promotes the idea that companies can make money and help create jobs in developing countries by doing business with the poor”. On the other, critics such as Atul Wad point out that companies may extract money from communities unnecesarily: ” It is morally reprehensible to see people as purely consumers for shampoo and beer…” Read on.

Nick Aster is a new media architect and the founder of TriplePundit.com

TriplePundit.com has since grown to become one of the web's leading sources of news and ideas on how business can be used to make the world a better place.

Prior to TriplePundit Nick worked for Mother Jones magazine, successfully re-launching the magazine's online presence. He was instrumental in the creation of TreeHugger.com, managing the technical side of the publication for 3 years as well as an active consultant for individuals and companies entering the world of micro-publishing. He earned his stripes working for Gawker Media and Moreover Technologies in the early days of blogging.

Nick holds an MBA in sustainable management from the Presidio School of Management and graduated with a BA in History from Washington University in St. Louis.