Market-based philosophies are an increasing factor in international development, as reflected in the growth of microfinance, social enterprise and impact investing; increased calls from global leaders in the South for “trade not aid”; the greater engagement of the development community with the private sector; and the increasing predominance of China in development. Regardless of whether these philosophies are “positive” or “negative,” they are a fact of life for international development. The 2015 seminar considered whether market-based approaches to development can be made to work for the poor, particularly the poorest of the poor, through good governance.


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