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A Twenty-First-Century War on Poverty

A Twenty-First-Century War on Poverty

Chapter:
(p.173) 8 A Twenty-First-Century War on Poverty
Source:
Fourteen Points for the Twenty-First Century
Author(s):
Giselle Aris
Publisher:
University Press of Kentucky
DOI:10.5810/kentucky/9780813179001.003.0009

Using Woodrow Wilson’s Fourteen Points as a foundation, this chapter highlights poverty and wealth inequality to illustrate the problems inherent in uneven economic advancement. Governmental assistance and private philanthropy are not doing enough to address poverty, so the author proposes the use of impact investing, blended finance, and shared value partnerships to promote investment and business opportunities, even as these mechanisms take into account social and environmental costs. The chapter concludes by underscoring the importance of these flexible business models to tackle the large-scale challenges faced in the twenty-first century.

Keywords:   Woodrow Wilson, development, poverty, wealth inequality, impact investing, blended finance, shared value partnerships, business, governmental assistance

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