Partnering for Relief
Global leaders have what it takes to sustain efforts needed in poverty reduction. There is a probability that at least after the 2005 World Economic Forum whose theme was Partnering for Relief, the measures that were put in place could be sufficient for sustaining a battle against poverty reduction. Since they were inaugurated in the 2005 summit, the Young Global Leaders have launched several task forces in the regions that are likely to be of global priority in 2020.
An example is the Reinventing Aid project that is meant to refocus on international aid and channel it toward meeting the Millennium Development Goals in which poverty reduction is inclusive. The task force also focuses on other areas like security, health, education, and the environment. Additionally, after the 2005 earthquake in Pakistan, a delegation responded to the Young Global Leaders’ appeal and established a task force whose key purpose was to revive the tourism sector that has been crucial to recovering the economy. The recent appointment of Rajiv Shah as a chief scientist in the US agricultural department shows the efforts that President Obama is putting in to minimize poverty since Rajiv Shah is a former Young Global Leader appointed by the World Economic Forum.
There is a collaboration between the World Economic Forum and the Schwab Foundation of Social Entrepreneurship to give support to profitable businesses whose purpose is public-based. Opening up a networking society for visionary business people who are passionate about adding value to society is one of the aims of this collaboration. Supporting the foundation has enabled the high mobilization of funds for investment by social entrepreneurs. This is also meant to make them be role models that can inspire their own nations and the world over.
The publications of World Economic Forums support the work carried out at meetings and summits. One of its key publications is authoritative in addressing the economic competitiveness of nations globally. Different leaders in academia, government, and business use research from World Economic Forums to devise policies that can suit both their private and public sectors.
Five Tools and tools for Sustainability
Among the tools that sustain international Non-Governmental Organizations is first collaboration. The growth of upcoming local enterprises has been a product of the collaboration between the World Bank and some International Organizations. The joint collaboration between the World Bank and some international organizations enhances the growth of domestic industries through the provision of support in form of information, logistics, and technology.
Secondly, there is international governance, which lays down guidelines regarding the economic operations that affect such Non-Governmental organizations. Some nations have formed regional blocs that have rules and regulations that regulate the trading activities among their members. Such may affect the transactions of the Non-Government Organizations. Thirdly, international governance is normally coupled with the foreign policy that provides guidelines regarding trade and relations across the borders.
Therefore, an international NGO whose goods or services are exchanged across borders is affected by such a policy. A good foreign policy may sustain its business operations. Fourth, there is the promotion of democracy; International NGOs set standards for business behavior. Although the government’s role is legislation, regulation of business behavior is being conducted by civil society regulations. This is done through naming and shaming, among many other techniques.
Such regulation ensures that the brand of the organization is protected as well as the ensuring adherence to business ethics that is crucial for business sustainability. Fifth, financial feasibility is another tool that enhances the survival of an international NGO. A Ngo should come up with a continual business and financial plan to ensure that it remains operational at all times. Among these five sustainability tools, those that are shared with local NGOs are financial feasibility, collaboration, and democracy.
References
Gaist, P.A. (2009). Igniting the Power of Community: The Role of CBOs and NGOs in Global Public Health. Baltimore: Springer. Web.
Goel, O.P. (2004).Strategic Management and Policy Issues of NGOs. Delhi: Gyan Publishing. Web.
Haytmanek, E. and McClure, K. (2010). Mitigating the nutritional impacts of the global food price crisis: workshop summary. NY: National academic Press. Web.
O’Connor, D.E. (2006). Encyclopedia of the Global Economy A Guide For Students and Researchers, Volume 1.New Delhi: Academic foundation. Web.
O’Loughlin, J. Staeheli, L. and Greenberg, E. (2004). Globalization and its Outcomes.NY: Guilford Press. Web.
Talal, B. B. (2004). Rethinking an NGO: development, donors and civil society in Jordan. New York: I.B Tauris. Web.
World Economic Forum. (2006). Annual Report 2005/2006: Engaging Our Communities and Constituencies. Web.