{"id":1,"date":"2012-01-20T11:38:36","date_gmt":"2012-01-20T11:38:36","guid":{"rendered":"http:\/\/lamarduffy.com\/?p=1"},"modified":"2014-01-28T14:42:50","modified_gmt":"2014-01-28T14:42:50","slug":"hello-world","status":"publish","type":"post","link":"https:\/\/lamarduffy.com\/?p=1","title":{"rendered":"Teaching Entrepreneurship in Developing Countries"},"content":{"rendered":"

Throughout my studies at Clark University and American University, it has become\u00a0apparent that\u00a0foreign\u00a0aid has had mixed effects on “lifting” counties out of poverty and\/or into economic development. Many times foreign aid doesnt reach the people it is meant for due to\u00a0corruption,\u00a0greed<\/a>, and\/or\u00a0inefficient distribution models. Not to mention, many\u00a0countries have become relient on\u00a0foreign\u00a0aid and expect it year after year…\u00a0 I realize there are exceptions and I am not suggesting\u00a0foreign\u00a0aid is a complete waste of time\/money. However, foreign aid (a top down\u00a0approach) must be\u00a0complemented with a “bottom up” approach to lift a country out of poverty and into sustainable economic development.<\/span><\/p>\n

Entrepreneurship<\/a>\u00a0is rarely taught in developing countries. While this may be obvious, it is a big problem. Entrepreneurs are economic drivers.\u00a0Entrepreneurship skills should be taught along side of reading and writing. In a country where many social\/economic problems lay\u2026 the solution is in economics. To produce economics of scale people need to be taught the basics of building a business.\u00a0If we take the principles and lessons we have learned from capitalism and the free market and apply them to social change. We can attack global problems and accomplish the same types of individual goals we had set forth in a capitalistic market but in a social way.\u00a0Giving people these tools will lift the society as a whole over time and solve global problems.<\/p>\n

Taking an individual\u00a0approach to lifting a county out of poverty and into economic development will take time. Most likely a long time \ud83d\ude42 That is why teaching entrepreneurship\u00a0must be\u00a0complemented\u00a0with foreign aid. Suppling aid to a country from the top down while teaching the basic skills of\u00a0entrepreneurship on the ground floor, will lift a\u00a0country\u00a0out of poverty and into sustainable long term social\/economic\u00a0growth.<\/p>\n","protected":false},"excerpt":{"rendered":"

Throughout my studies at Clark University and American University, it has become\u00a0apparent that\u00a0foreign\u00a0aid has had mixed effects on “lifting” counties out of poverty and\/or into economic development. Many times foreign aid doesnt reach the people it is meant for due to\u00a0corruption,\u00a0greed, and\/or\u00a0inefficient distribution models. Not to mention, many\u00a0countries have become relient on\u00a0foreign\u00a0aid and expect it […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[3,37,4,5,6,34,7,8],"_links":{"self":[{"href":"https:\/\/lamarduffy.com\/index.php?rest_route=\/wp\/v2\/posts\/1"}],"collection":[{"href":"https:\/\/lamarduffy.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lamarduffy.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lamarduffy.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lamarduffy.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1"}],"version-history":[{"count":5,"href":"https:\/\/lamarduffy.com\/index.php?rest_route=\/wp\/v2\/posts\/1\/revisions"}],"predecessor-version":[{"id":195,"href":"https:\/\/lamarduffy.com\/index.php?rest_route=\/wp\/v2\/posts\/1\/revisions\/195"}],"wp:attachment":[{"href":"https:\/\/lamarduffy.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lamarduffy.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lamarduffy.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}