The Corporate Key.

INTERNATIONAL cooperation on poverty; GLOBALIZATION; INTERNATIONAL business enterprises; TECHNOLOGY & international relations; TERRORISM; ECONOMICS

In recent months, several world leaders have declared their resolve to reduce global poverty. Poverty is not a new phenomenon of course. However, a new determination has emerged that reflects a growing recognition that terrorism flourishes among those who think they have nothing to lose. Still, following through with such a heavy promise will require a new institution that can harness the capabilities of global corporations and directly attack the root causes of poverty. The solution is a World Development Corporation (WDC) to bring technology, credit, access to world markets, and management know-how to impoverished areas. Its projects would need to be subsidized at first but should become profitable in the long run. In addition, linking global corporations to local projects would create profitable endeavors in order to reduce poverty permanently and irreversibly.