Profits and the Poor
Reading Time: 2 minutes
Can the private sector fight poverty and still make money? Social initiatives have become increasingly attractive to companies around the world who believe that pursuing strategies that empower low-income groups and impoverished communities is also smart business. In Latin America, that argument has become the focus of debate among scholars and anti-poverty activists who question whether integrating low-income groups in the global or national economy through markets—“democratizing the economy,” as the development economist C. K.