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Watchdogs on Investment in the Developing World

| Wednesday April 27th, 2005 | 0 Comments

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.


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