Philanthrocapitalism, Past and Present: the Rockefeller © 2014 Anne-Emanuelle Birn

Total Page:16

File Type:pdf, Size:1020Kb

Philanthrocapitalism, Past and Present: the Rockefeller © 2014 Anne-Emanuelle Birn REVIEW 1 / 27 Please cite this article as: University of Toronto Received: 2013/04/07; Accepted: 2014/08/18; Posted online: 2014/11/1 Correspondence: [email protected] Anne-Emanuelle Birn, Philanthrocapitalism, past and present: The Rockefeller © 2014 Anne-Emanuelle Birn. This is an Open Access Foundation, the Gates Foundation, and the setting(s) of the international/ article distributed by Hypothesis under the terms of the global health agenda. Hypothesis 2014, 12(1): e8, doi:10.5779/hypothesis. Creative Commons Attribution License (http://creative- commons.org/licenses/by/3.0/), which permits unrestric- v12i1.229. ted use, distribution, and reproduction in any medium, provided the original work is properly cited. Philanthrocapitalism, past and present: The Rockefeller Foundation, the Gates Foundation, and the setting(s) of the international/global health agenda Anne-Emanuelle Birn exigencies, and reach of global health INTRODUCTION International health Each of these two über-powerful foun- challenges the leadership and capacity philanthropy, comparing the goals, para- philanthropy, American-style, is back. dations emerged at a critical juncture in of public multilateral agencies, pushing digms, principles, modus operandi, and Almost exactly a century after the the history of international/global health. ahead an overlapping global health gov- agenda-setting roles of the Rockefeller Rockefeller Foundation began to use Each was started by the richest, most ernance arrangement with a huge role and Gates Foundations in their historical John D. Rockefeller’s colossal oil profits ruthless and innovative capitalist of his allotted for the private sector10. Both contexts. It proposes that the Rockefeller to stake a preeminent role in shaping day1,2. Rockefeller and Gates alike fended foundations (and their founders) were/ Foundation’s early 20th century initia- the institutions, ideologies, and practices off public opprobrium for their cutthroat are deeply political animals, all the while tives had a greater bearing on interna- of international health (as well as medi- monopolistic business practices3,4, and claiming the technical and purportedly tional health when the field was wide cine, education, social sciences, agri- both have been subject to uneven doses neutral scientific bases of their efforts11,12. open—in a world order characterized of adulation (for example on the cover culture, and science), the Bill and Given the confluence of largesse and by forceful European and ascendant of magazine) and skepticism re- Melinda Gates Foundation has emerged Time leadership at distinct historical moments, U.S. imperialism—than do the Gates garding their philanthropic motives5-8. as the current era’s most influential various questions come to the fore: How ABSTRACT In recent years the Bill and Foundation’s current global health efforts Both foundations have focused on gen- global health (and education, develop- and why have U.S. philanthropies played Melinda Gates Foundation has emerged amidst neoliberal globalization and fad- erating and applying new knowledge. ment, and agriculture) agenda-setter. such an important role in the produc- as this era’s most renowned, and argu- ing U.S. hegemony. It concludes that the One appeared when the international The high profile of its eponymous soft- tion and shaping of international/global ably its most influential, global health Gates Foundation’s pervasive influence health field was in gestation; the other ware magnate founder and his wife, cou- health knowledge, organizations, and player. A century ago, the Rockefeller is nonetheless of grave concern both to as it faced midlife crisis. One sought to pled with the Foundation’s big-stakes ap- strategies? What are the ideological, Foundation—likewise founded by the democratic global health governance establish health cooperation as a legiti- proach to grant-making and “partnering,” institutional, and human welfare implica- richest, most ruthless and innovative and to scientific independence—and mate sphere for (inter)governmental ac- has made it a de facto leader in the global tions? Have these foundations marked capitalist of his day—was an even more urges scientists to play a role in contest- tion, creating, largely from scratch, the health field. a singular, unimpeachable path in this powerful international health actor. This ing and identifying alternatives to global principles, practices, and key institutions field or are there meaningful alternative article reflects critically on the roots, health philanthrocapitalism. of the international health field9; the other approaches towards achieving global Illustration : Bechara Saab HYPOTHESIS Vol.12, No.1 | 2014 | hypothesisjournal.com Philanthrocapitalism, past and present: The Rockefeller Foundation, the Gates Foundation, and the setting(s) of the international/global health agenda REVIEW 2 / 27 Birn health equity? What are the continuities from tax deductions (both individual and its limits and the ways in which it might (later Pan American Sanitary Bureau the concept of international health, it and what has changed in the philanthro- corporate donations are tax-deductible15, be contested. [PASB]) in December 1902, based in was the major influence upon the field’s pists’ prerogatives? a practice that itself removes billions from THE BIRTH OF MODERN INTERNATIONAL Washington D.C. under the aegis of the 20th century agenda, approaches, and the public coffers). Up to a third or more, U.S. Public Health Service20. In their early actions22,23. Such questions are particularly salient HEALTH The rise of modern international depending on the tax rate, of the endow- decades, both the OIHP and PASB in an era in which “philanthrocapitalism” health is typically traced to the first Rockefeller’s efforts were part of a new ment monies of private philanthropies remained focused on establishing and has been cited not as a venal endeavor— International Sanitary Conference held American movement—“scientific phi- are thus subsidized by the public, which monitoring sanitary conventions and col- through which profits amassed via in Paris in 1851, viewed as the begin- lanthropy.” Launched by Scottish-born, has no role in how priorities are set or lecting disease statistics. Another early the exploitation of workers and natural ning of steady progress in international rags-to-riches steel magnate Andrew how monies are spent. agency was the International Committee resources are then harnessed through surveillance and infectious disease re- Carnegie in an 1889 essay, “The Gospel of the Red Cross, founded in Geneva in the very same exploitative business This article compares the goals, para- porting in the name of epidemic secu- of Wealth,” published in The North 1863 to provide aid to the victims of war. approaches in the name of improving digms, principles, modus operandi, and rity16,17. But the (mostly European) par- American Review, this approach called These organizations joined longstanding human welfare—but hailed unabashedly agenda-setting roles of the Rockefeller ties were so suspicious of one another for the wealthy to channel their fortunes intra-imperial health activities carried out as a means to “save the world”13 accord- and Gates Foundations in their historical that it took 11 conferences and over 50 to the societal good by supporting sys- by colonial administrators, military forces, ing to “big business-style strategies”14. contexts (albeit in the case of the Gates years to set up a full-time agency—the tematic social investments rather than and missionaries, all with the aim of pro- Foundation bound by events that are Office International d’Hygiène Publique haphazard forms of charity24-26. The re- Of note, over recent decades, business tecting troops, high-yielding colonial pro- still unfolding). It proposes that the (OIHP)—established in Paris in 1907. nowned Carnegie left a legacy of thou- models have proliferated in the (global) duction and trade, and colonial settlers, Rockefeller Foundation’s early 20th cen- The political and economic rivalries sands of public libraries and bathhouses public health field, with Gates Foundation at the same time as staving off unrest tury initiatives had a greater bearing on among the participants delayed the sign- along with donations to higher education, efforts emblematic of an overall trend to- among the colonized21. international health when the field was ing of accords, limited their enforcement, the arts, and peace studies, an example wards for-profit style management, lead- wide open—in a world order charac- and resulted in a contentious “Britain ver- heeded by various fellow millionaires. ership training, and goal-setting, as ENTER THE ROCKEFELLER FOUNDA- terized by vigorous European and as- sus France and everybody else” stance Just as these institutions were well as the privatizing of public health TION Notwithstanding the benign fashion with cendant U.S. imperialism—than do the at most of the meetings18. being created, a new player emerged activities. which this early philanthropy is now re- Gates Foundation’s current global health on the scene, one that would go be- Meanwhile, some countries, notably the garded, the philanthropist-“robber bar- At the outset it is crucial to stress that un- efforts in today’s age of neoliberal global- yond political and economic self- United States and Mexico, developed ons” of the day were reviled for the prov- like government entities, which are sub- ization and fading U.S. hegemony. And interest, war relief,
Recommended publications
  • Just Another Emperor? the Myths and Realities of Philanthrocapitalism
    J U Business involvement in philanthropy is increasing S day by day, but is it a blessing, a curse, or somewhere T A in between? Just Another Emperor? N take a comprehensive and critical look at this vital new O T phenomenon. Whatever position you take, this will be H E one of the most important debates of the next 10 years. R E For more information, visit www.justanotheremperor.org. M PE R O R ? - and Washington, DC, and active fellows and board members across the United States, Dēmos publishes research reports and books, hosts public forums, and works with advocates and policymakers around the country 7 in pursuit of three overarching goals: a more equitable economy; a vibrant 3 - JUST and inclusive democracy; and a public sector capable of addressing shared 2 challenges and working for the common good. + aaaNOWY]Y\Q / 6 / . A ANOTHER + < The Young Foundation is a centre for social innovation based in London. It combines research, social venture funds and local projects, and = hosts the global social innovation exchange which links several hundred EMPEROR? organisations around the world. Since its foundation in the 1950s it has been a pioneer of social entrepreneurship and innovation and has helped to create over 100 successful organisations, from the Open University and Consumer Association to schools for social entrepreneurs D and websites like FixMyStreet.com. ē m o aaacY_XQPY_XNK^SYXY\Q s JUST ANOTHER EMPEROR? Michael Edwards Just Another Emperor? The Myths and Realities of Philanthrocapitalism by Michael Edwards First published and distributed 2008 by Demos:- A Network for Ideas & Action and The Young Foundation.
    [Show full text]
  • QUESTIONING the SUPER- RICH
    QUESTIONING the SUPER- RICH Representations, Structures, Experiences Paula Serafini and Jennifer Smith Maguire Abstract The authors outline how multiple dimensions — historical and contemporary; global and local; political, economic, social, and cultural — inform an understanding of the super- rich. Recent super- rich scholarship is reviewed with regard to three themes: discourses and representations; mechanisms and structures; experiences and identities. The empirical and conceptual insights of the contents are then highlighted, with regard to the significance of discourses of legitimacy, namely, those of meritocracy, civility, and luxury; the intersections of race and class that underpin assumptions about and representations of wealth; institutional and political- economic dynamics, in relation to international financial systems and property markets; and experiences and attitudes, examined via elites’ professional identities and cultural practices. The authors suggest that questioning the super- rich provides an avenue for the study of power in society, how it is reproduced, and how global hierarchies may be shifting. To that end, the articles attempt to make visible the brute force of the infrastructures (politics and policy, cultural and occupational conventions, financial devices and systems) that are occluded by the tendency to focus on the gloss of super- rich lifestyles; to draw attention to the long- term and newly emerging tensions within and between categories of wealth and of elites, and spheres of political, economic, and cultural activity; and to contribute to an understanding of how the accumulation of wealth is perpetuated and excused through discourses of legitimation, structural dynamics, and lived identities. These are much- needed critical interventions at a time of escalating inequality.
    [Show full text]
  • Norms and Narratives That Shape US Charitable and Philanthropic Giving Benjamin Soskis March 2021
    CENTER ON NONPROFITS AND PHILANTHROPY RESEARCH REPORT Norms and Narratives That Shape US Charitable and Philanthropic Giving Benjamin Soskis March 2021 ABOUT THE URBAN INSTITUTE The nonprofit Urban Institute is a leading research organization dedicated to developing evidence-based insights that improve people’s lives and strengthen communities. For 50 years, Urban has been the trusted source for rigorous analysis of complex social and economic issues; strategic advice to policymakers, philanthropists, and practitioners; and new, promising ideas that expand opportunities for all. Our work inspires effective decisions that advance fairness and enhance the well-being of people and places. Copyright © March 2021. Urban Institute. Permission is granted for reproduction of this file, with attribution to the Urban Institute. Cover image by Tim Meko. Contents Acknowledgments iv Executive Summary v Norms and Narratives That Shape US Charitable and Philanthropic Giving 1 The Rise of Large-Scale Philanthropy 3 Narratives of Mass Giving’s Decline in the United States 9 Megaphilanthropy and Everyday Giving during the COVID-19 Crisis 13 The COVID-19 Crisis, Mutual Aid, and the Revitalization of Everyday Giving 16 The Surging Popularity of Cash Transfers during the COVID-19 Crisis 21 The Development of Norms around Time-Based Giving 26 Time-Based Norms and Narratives during the COVID-19 Crisis 32 Giving Norms and Narratives in a Postpandemic World 36 Notes 39 References 46 About the Author 49 Statement of Independence 50 Acknowledgments This report was funded by the Bill & Melinda Gates Foundation, with additional support from the William and Flora Hewlett Foundation. We are grateful to them and to all our funders, who make it possible for Urban to advance its mission.
    [Show full text]
  • Impact Investing and Critiques of Philanthrocapitalism Benjamin Soskis June 2021
    CENTER ON NONPROFITS AND PHILANTHROPY RESEARCH REPORT Impact Investing and Critiques of Philanthrocapitalism Benjamin Soskis June 2021 ABOUT THE URBAN INSTITUTE The nonprofit Urban Institute is a leading research organization dedicated to developing evidence-based insights that improve people’s lives and strengthen communities. For 50 years, Urban has been the trusted source for rigorous analysis of complex social and economic issues; strategic advice to policymakers, philanthropists, and practitioners; and new, promising ideas that expand opportunities for all. Our work inspires effective decisions that advance fairness and enhance the well-being of people and places. Copyright © June 2021. Urban Institute. Permission is granted for reproduction of this file, with attribution to the Urban Institute. Cover image by Tim Meko. Contents Acknowledgments iv Impact Investing and Critiques of Philanthrocapitalism 1 The Messianism of Private Capital 3 Philanthrocapitalism and the Master’s Tools 5 The Agents of Privatization 8 The Meaning of Sacrifice, the Pursuit of Profit, and the Critique of the Win-Win 11 The COVID-19 Crisis as Test of Impact Investing 16 Notes 21 References 27 About the Author 29 Statement of Independence 30 Acknowledgments Support for this report was provided by the Tipping Point Fund on Impact Investing, a project of the New Venture Fund. The views expressed here do not necessarily reflects the views of the Tipping Point Fund on Impact Investing or New Venture Fund. We are grateful to them and to all our funders, who make it possible for Urban to advance its mission. The views expressed are those of the author and should not be attributed to the Urban Institute, its trustees, or its funders.
    [Show full text]
  • Patriotic Philanthropy? Financing the State with Gifts to Government
    Patriotic Philanthropy? Financing the State with Gifts to Government Margaret H. Lemos* & Guy-Uriel Charles** ABSTRACT This Article offers a positive and normative account of an important and growing trend: wealthy individuals are increasingly giving their money to the government to encourage the government to fund particular projects that these individuals want the government to pursue. Such gifts—dubbed “patriotic philanthropy” by one prominent donor—raise fundamental questions about the role that private money plays and ought to play in public policy-making. Legal academics have addressed these types of questions in other contexts, such as campaign financing, privatization of government, and private philanthropy. However, patriotic philanthropy, which presents a new and perhaps more effective way for wealthy individuals to influence the government, has generally escaped the attention of the legal literature. We aim to remedy that lacuna with this Article. Although we do not question the enormous good that patriotic philanthropy can do, this Article argues that gifts to government raise significant concerns about democratic process, equality, and state capacity. DOI: https://doi.org/10.15779/Z38N87303D Copyright © 2018 California Law Review, Inc. California Law Review, Inc. (CLR) is a California nonprofit corporation. CLR and the authors are solely responsible for the content of their publications. * Robert G. Seaks LL.B. ‘34 Professor of Law, Duke University. ** Edward and Ellen Marie Schwarzman Professor of Law, Duke University. Thanks to Matt Adler, Joseph Blocher, Curtis Bradley, Charlie Clofelter, Cary Coglianese, Deborah DeMott, Ofer Eldar, Joel Fleischman, Barry Friedman, Peter Frumkin, Kristin Goss, Mitu Gulati, Kim Krawiec, Rich Schmalbeck, and Larry Zelenak, as well as workshop and colloquium participants at Duke University School of Law, New York University School of Law, and William & Mary Law School, for helpful conversations and comments on earlier drafts.
    [Show full text]
  • Philanthrocapitalism and the Hidden Power of Big U.S. Foundations
    Zeitschrift für Sozialen Fortschritt 2017 | Vol. 6, No. 3, p. 203-209 Philanthrocapitalism and the Hidden Power of Big U.S. Foundations Kerstin Plank* Abstract This paper seeks to discuss the modern concept known as philanthrocapitalism. By shedding light on the philanthropic commitment of American billionaires, it investigates how super-rich benefactors exercise power by investing in huge foundations. A critical examination of the current rise of philanthrocapitalism is presented first, followed by a discussion on how foundations can be used to gain and maintain power to advance personal and business interests. The aim is to present a critical investigation of benefactors’ approaches to philanthropy. Keywords: Philanthropy, philanthrocapitalism, hegemony, Gates Philanthrokapitalismus: Intransparente Machtausübung durch große U.S. Stiftungen Zusammenfassung Dieses Paper behandelt Aspekte des modernen Konzeptes „Philanthrokapitalismus“. Der Fokus liegt dabei auf dem karitativen Engagement nordamerikanischer Milliardäre und den Strategien, durch die diese mithilfe von Stiftungen Macht ausüben können. Der erste Abschnitt beschäftigt sich mit dem derzeitigen Aufstieg des Philanthrokapitalismus. Der zweite Teil zeigt auf, wie Wohltäter und Wohltäterinnen ihre persönlichen und beruflichen Interessen fördern können. Schlagwörter: Philanthropie, Philanthrokapitalismus, Hegemonie, Gates * Kerstin Plank, Johannes Kepler Universität Linz. E-Mail: [email protected] 2017 | | Innsbruck Momentum Quarterly I ISSN 2226-5538 I momentum-quarterly.org Vol. 6, No 3 I DOI 10.15203/momentumquarterly.vol6.no3.p203-209 Beiträge in Momentum Quarterly stehen unter der Lizenz Creative Commons Namensnennung 4.0 International. Plank: Philanthrocapitalism and the Hidden Power of Big U.S. Foundations 1. Introduction The new design, both praised and harshly criticized, is labeled philanthrocapitalism. There are several terms On December 1, 2015 Facebook co-founder Mark that attempt to describe a similar phenomenon.
    [Show full text]
  • Policy Plutocrats: How America's Wealthy Influence Governance
    Policy Plutocrats: How America’s Wealthy Influence Governance American democracy faces serious challenges, including hyper-partisanship, declining public confidence in government, and legislative paralysis. When government cannot or will not act, civil society and its philanthropic patrons have offered an alternative mechanism of social change. This article documents how America’s billionaires are using their wealth, ideas, and political leverage to advance controversial policy goals, from deficit reduction, to school reform, to gun regulation. Drawing on an original dataset of nearly 200 leading philanthropists, I find that more than half have serious policy interests and ambitions. While receiving acclaim in some circles, these “policy plutocrats” often draw criticism for disregarding democratic processes, enhancing elite power, and inflicting ill-conceived experiments on disadvantaged populations. However, these donors also are subsidizing organizations that amplify the voice of unorganized issue publics and marginalized populations. These donors and their activities have opened a vast research frontier for normative and empirical political science. Note: The final version of this manuscript appeared as Kristin A. Goss, “Policy Plutocrats: How America’s Wealthy Seek to Influence Governance,” PS: Political Science and Politics, 49 (3), 2016, 442-448. Please cite to the published article. Check quotations and figures against the published version. Democratic governance in the United States is under threat on several fronts: the growing concentration of wealth and political power in the hands of a relatively few individuals, the public’s steadily declining faith in government’s ability to respond effectively to public problems, and hyper-partisanship that makes compromise – the bread and butter of American democracy – very difficult to achieve (Bartels 2010; Gilens and Page 2014; Hacker and Pierson 2011; Mann and Ornstein 2012).
    [Show full text]
  • The Example of the Bill & Melinda Gates Foundation
    Roger Williams University Law Review Volume 26 Issue 1 Winter 2021 Article 2 Winter 2021 Rethinking the Role of NGOs in an Era of Extreme Wealth Inequality: The Example of the Bill & Melinda Gates Foundation John J. Chung Roger Williams University, [email protected] Follow this and additional works at: https://docs.rwu.edu/rwu_LR Part of the International Humanitarian Law Commons, and the Nonprofit Organizations Law Commons Recommended Citation Chung, John J. (2021) "Rethinking the Role of NGOs in an Era of Extreme Wealth Inequality: The Example of the Bill & Melinda Gates Foundation," Roger Williams University Law Review: Vol. 26 : Iss. 1 , Article 2. Available at: https://docs.rwu.edu/rwu_LR/vol26/iss1/2 This Article is brought to you for free and open access by the School of Law at DOCS@RWU. It has been accepted for inclusion in Roger Williams University Law Review by an authorized editor of DOCS@RWU. For more information, please contact [email protected]. Articles Rethinking the Role of NGOs in an Era of Extreme Wealth Inequality: The Example of the Bill & Melinda Gates Foundation John J. Chung* INTRODUCTION We live in a world of extreme wealth inequality. Billionaires at one time were a rarity. In 1985, there were fourteen billionaires.1 Today, there are 2,604.2 Moreover, the total amount of their net worth is breathtaking. In 1985, the richest billionaire had a net worth of $2.8 billion.3 Today, the richest have more than $100 billion each.4 At the top are two familiar names, Bill Gates * Professor, Roger Williams University School of Law; B.A., Washington University (St.
    [Show full text]
  • Who's Afraid of Philanthrocapitalism ?
    Case Western Reserve Law Review Volume 61 Issue 3 Article 4 2011 Who's Afraid of Philanthrocapitalism ? Garry W. Jenkins Follow this and additional works at: https://scholarlycommons.law.case.edu/caselrev Part of the Law Commons Recommended Citation Garry W. Jenkins, Who's Afraid of Philanthrocapitalism ?, 61 Case W. Rsrv. L. Rev. 753 (2011) Available at: https://scholarlycommons.law.case.edu/caselrev/vol61/iss3/4 This Article is brought to you for free and open access by the Student Journals at Case Western Reserve University School of Law Scholarly Commons. It has been accepted for inclusion in Case Western Reserve Law Review by an authorized administrator of Case Western Reserve University School of Law Scholarly Commons. 1/13/2011 11:14:11 PM WHO’S AFRAID OF PHILANTHROCAPITALISM? Garry W. Jenkins† This Article explores the concept of philanthrocapitalism—an emerging model for charitable giving intended to enhance the practice of philanthropy through the application of certain business techniques, particularly envisioned as being deftly carried out by a subset of ultra-rich, experienced business people. During the past fifteen years, but most strikingly in the past five, private foundations influenced by philanthrocapitalism and its forbearers have become increasingly directive, controlling, metric focused, and business oriented with respect to their interactions with grantee public charities in an attempt to demonstrate that the work of the foundations is “strategic” and “accountable.” Combining empirical analysis and theoretical critique, this Article challenges the prevailing wisdom that philanthrocapitalism offers a better, smarter philanthropy, thereby strengthening the entire nonprofit sector. In fact, after observing and documenting the tenets of and rhetoric associated with philanthrocapitalism, there is a serious risk that the shift to business-like, market-driven giving may change the nature of philanthropy in ways we will come to regret.
    [Show full text]
  • Conceptualising Social Value: Perspectives of the Public, Private and Third Sectors in the UK
    Conceptualising Social Value: Perspectives of the Public, Private and Third Sectors in the UK Submitted for the Degree of Doctor of Philosophy At the University of Northampton 2018 Payal Jain © [Payal Jain] [2018]. This thesis is copyright material and no quotation from it may be published without proper acknowledgement. Abstract 1 | P a g e In present times when economic recession has impacted all the countries in the world to some extent, different approaches have been adopted by governmental and non-governmental organisations to maximise the provision of social benefit. The UK Government, for instance, launched the Social Value Act in 2012 and implemented it in 2013, requiring organisations to create social and environmental value in addition to the economic value during public procurement processes. This act encouraged the collaboration of public, private and third sectors to focus on social value creation for the benefit of beneficiaries. However, the construct of social value remains ambiguous and subjective as it is understood and practiced differently by societal stakeholders, leading to the conduct of this research study. This research study takes a qualitative approach to study the concept of social value within the UK society. The research utilised Q method to understand the construct of social value and interviewed individuals creating social value in the UK to understand the process of social value creation. Results from the Q method indicated four different facets of social value: action-driven, outcomes-driven, sustainability-driven and pluralism-driven social value. The results from the qualitative data provided insights into the process adopted by stakeholders for the creation of social value, which includes three phases: individual and collaborative responses, resource mobilisation and impact on social value creation.
    [Show full text]
  • Venture Philanthropy in Development Dynamics, Challenges and Lessons in the Search for Greater Impact
    VENTURE PHILANTHROPY IN DEVELOPMENT DYNAMICS, CHALLENGES AND LESSONS IN THE SEARCH FOR GREATER IMPACT For more information: [email protected] www.oecd.org/site/netfwd DYNAMICS, CHALLENGES AND LESSONS IN THE SEARCH FOR GREATER IMPACT VENTURE PHILANTHROPY IN DEVELOPMENT - net FWD GLOBAL NETWORK OF FOUNDATIONS © Sarunyu_foto/Shutterstock.com © WORKING FOR DEVELOPMENT Cite this study as: OECD netFWD (2014), “Venture Philanthropy in Development: Dynamics, Challenges and Lessons in the Search for Greater Impact”, OECD Development Centre, Paris. VENTURE PHILANTHROPY IN DEVELOPMENT DYNAMICS, CHALLENGES AND LESSONS IN THE SEARCH FOR GREATER IMPACT PB VENTURE PHILANTHROPY IN DEVELOPMENT © OECD 2014 net 1FWD GLOBAL NETWORK OF FOUNDATIONS WORKING FOR DEVELOPMENT The Development Centre of the Organisation for Economic Co-operation and Development was established by decision of the OECD Council on 23 October 1962 and comprises 24 member countries of the OECD: Austria, Belgium, Chile, the Czech Republic, Finland, France, Germany, Iceland, Ireland, Israel, Italy, Korea, Luxembourg, Mexico, the Netherlands, Norway, Poland, Portugal, Slovak Republic, Spain, Sweden, Switzerland, Turkey and the United Kingdom. In addition, the following non-OECD countries are members of the Development Centre: Brazil (since March 1994); India (February 2001); Romania (October 2004); Thailand (March 2005); South Africa (May 2006); Egypt and Viet Nam (March 2008); Colombia (July 2008); Indonesia (February 2009); Costa Rica, Mauritius, Morocco and Peru (March 2009), the Dominican Republic (November 2009), Senegal (February 2011), Argentina and Cape Verde (March 2011) and Panama (July 2013). The European Union also takes part in the Centre’s Governing Board. The Development Centre, whose membership is open to both OECD and non-OECD countries, occupies a unique place within the OECD and in the international community.
    [Show full text]
  • The Luxury of Igniting Change by Giving Transforming Yourself While Transforming Others' Lives Llamas, Rosa; Uth Thomsen, Thyra
    The Luxury of Igniting Change by Giving Transforming Yourself While Transforming Others' Lives Llamas, Rosa; Uth Thomsen, Thyra Document Version Accepted author manuscript Published in: Journal of Business Research DOI: 10.1016/j.jbusres.2015.07.030 Publication date: 2016 License CC BY-NC-ND Citation for published version (APA): Llamas, R., & Uth Thomsen, T. (2016). The Luxury of Igniting Change by Giving: Transforming Yourself While Transforming Others' Lives. Journal of Business Research, 69(1), 166-176. https://doi.org/10.1016/j.jbusres.2015.07.030 Link to publication in CBS Research Portal General rights Copyright and moral rights for the publications made accessible in the public portal are retained by the authors and/or other copyright owners and it is a condition of accessing publications that users recognise and abide by the legal requirements associated with these rights. Take down policy If you believe that this document breaches copyright please contact us ([email protected]) providing details, and we will remove access to the work immediately and investigate your claim. Download date: 29. Sep. 2021 The Luxury of Igniting Change by Giving: Transforming Yourself While Transforming Others' Lives Rosa Llamas and Thyra Uth Thomsen Journal article (Post print version) This article was originally published in Journal of Business Research, Vol 69 Issue 1, Pages 166-176. First published online 13 August 2015. DOI: 10.1016/j.jbusres.2015.07.030 Uploaded to Research@CBS: Januar 2016 © 2016. This manuscript version is made available under the CC-BY-NC-ND 4.0 license http://creativecommons.org/licenses/by-nc-nd/4.0/ 1 The Luxury of Igniting Change by Giving: Transforming Yourself while Transforming others’ Lives Rosa Llamas, University of León Thyra Uth Thomsen, Copenhagen Business School Submission: November 2014 Revision: May 2015 Send correspondence to Rosa Llamas, Department of Marketing, School of Business, University of León.
    [Show full text]