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How Localization Can Help Overcome Extreme Poverty
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How Localization Can Help Overcome Extreme Poverty

Knowledge at Wharton·Knowledge at Wharton Staff·about 1 month ago
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Countries that have invested in human capital, infrastructure, and decent systems of social protection have made more progress than others in reducing extreme poverty, according to Mahmoud Mohieldin, the World Bank Group’s senior vice president for the 2030 Development Agenda, United Nations Relations, and Partnerships. At the same time, entrepreneurs and corporations must accept responsibility for shaping their business environments, notes Djordjija Petkoski, a senior fellow at Wharton’s Zicklin Center for Business Ethics . Mohieldin and Petkoski discussed these and other ways to meet the United Nations’ Sustainable Development Goals , or SDGs. Below is an edited version of their discussion. Knowledge at Wharton: At the recent spring meeting of the World Bank and the International Monetary Fund in Washington, D.C., the new World Bank Group president David Malpass said that more than 700 million people around the world are still mired in extreme poverty.…

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