There has been a UK government call this morning for business to help with international development. Many businesspeople would like to help in the developing world if they could, but are not sure how to help. Working physically in a low income country is possible but not necessary, and there are few obvious avenues for private individuals to use their business skills there.
Local entrepreneurs and senior employees are often highly aware of the demands of business and may require similar skill building to UK managers, particularly on the international stage. Civil servants may also benefit from commercial awareness.
The highest possible impact of foreign business in development may involve facilitating and teaching about internal company capital accumulation. Information previously discussed on this blog suggests that it may be the principal source of China's sky high investment rate. The connection is so important that I will revisit the evidence presently.
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