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Aggregation of small
crafts practitioners to form
native crafts dependent corporations,
as an approach to social welfare
driven economic development of
underdeveloped
communities, has been presented as having
the potential for creating large number of employment opportunities.
The task of founding such crafts-based corporation has also been
presented as viable. However, the founding of any corporation is
often capital intensive, therefore, making available investment
vehicles for such economic development investments is simply
being socially responsible.
Interestingly, the United Nations has
launched the Millennium Economic Development Program which has been
supported by many other International Agencies. Most of these
agencies have money to make available, however, most of these
agencies also operate under diplomatic constraints to make
investments only by partnering with the governments of the
countries. History of course has shown that most of these projects
have often failed. On hindsight the World Bank, International
Monetary Fund and even the United States have been blamed for these
failures, for making onerous stipulations with respect to free
market policies that do not apply to the developing countries. Yet
every year these World bodies continue to offer to help development
projects to the Developing countries that do not benefit from the
programs.
Obviously if the United
Nations Millennium Development Programs must be successful then a
different approach must be adopted. The United Nations and the
Millennium Development Participating agencies must aim to take the
programs to the community levels of the various countries. These
World Bodies must also institute the infrastructure to enable
community leaders and entrepreneur or community-designated
entrepreneurs to directly contact the agencies with the appropriate
development plans. The United
Nations must show that it is committed to the Millennium Development
Program by putting in
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place the legal structures that enable countries to permit
communities to undertake development program under terms that are
set by the various development bodies.
One approach to accomplishing this
would be to work through
the World bodies, The International Monetary Funds, World Bank and
et al, to enable a make-over of such organizations and demand
that debtor countries allow such development program as a means of
supporting economic development for debt repayment.
Moreover, the agencies must implement a
structure that enables communities to take on defined final risks
that would not have to be borne by the embodying countries. A
contributory risk assumption program such as The World Bank had in
place several years ago would be suitable. That program was defined,
at least, on the surface as a local resources development support
program: Any group of local investors intending to embark upon
venture development that has at the core, the development of local
resources would get funding proportional to the investment risks
assumed by the investors. In this version of the program aimed at
community development, the resources development investors role
would be assumed by the communities.
Obviously, such investment vehicles
both by the World Bank and other capitalists and World Development
Agencies should foster the growth of developing nations and the
uplifting of humanity in general in consistence with the objectives
of the United Nations Millennium Development Program. As such
investment vehicles along this line of general well-being of
humanity is the exactly the program that should be implemented.
An approach to getting the
development programs available to the local communities would be to
engage Non-Governmental Organizations as surrogates to manage the
projects assessment phase that should include the collecting and |
processing of the initial
applications. Because NGOs are not bound by some of the
self-defeating diplomatic protocols, these organizations can
establish investment arms geared towards the development of specific
communities of a nation. They could also easier recruit from
communities and have the recruits catalogue all the community-based
crafts. Subsequently analysis of the commercial viability of each
craft can be performed prior to release of request for investment
proposal.
Accordingly, NGOs can and should
include for such purposes the cataloguing of resources of the
regions within which they wish to participate, and show the economic
benefits of the development of such resources. NGOs should also
partner with investment firms to development investment program
relationships through which community development programs could be
enabled. Most of all, because the development of venture entails
extensive training of the participants on thinking corporate, NGOs
would be better positioned to undertake such tasks while still
meeting its overall objective of education.
Development Venture
Several
community crafts
abound from which corporate organizations can be developed to
create employment for the citizens as well as effect local resources
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