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Article

16 Apr 2008

Author:
Stewart J Paperin, Executive vice-president of Open Society Institute, in Open Democracy

Philanthropy’s business benefit

In his article "Philanthrocapitalism: after the goldrush"...Michael Edwards raises several serious questions about mixing business principles with philanthropic objectives and elevates the debate about the utility of a market-oriented approach to philanthropy...A large part of his dissatisfaction with merging business approaches with philanthropy results from Edwards's inadequate definition of when business principles should or should not be used...[refers to Brac microfinance initiative in Bangladesh; PepsiCo, Coca-Cola clean-water programmes; Venture-capital project in Hyderabad involving Google.org, Omidyar Network, Soros Economic Development Fund]