Why does poverty still exist despite decades of development aid?
In this talk, Iqbal-Quadir explains why "aid does damages: because it empowers authorities instead of people," and advocates a new approach to development from below, "by the people for the people." His own experience as a child in Bangladesh and later a banker in New York brought him to realize that "connectivity is productivity" -- and that a simple cell phone has enormous power. Now his telecom company, Grameenphone, offers service to most of rural Bangladesh, creating new opportunities by connecting villages.
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