Videos:

Transcript:

So I think what makes this appealing to people is that they can actually see where the enterprise based approach you know, through an actual investment that's profit oriented, I mean there's ... imagine the world's large corporations of the world dedicating 5% of their investment capital in this. The impact is potentially huge. Imagine poor people getting access to credit right, this is the micro credit revolution you know, started by the likes of Muhammad Yunus and the Grameen Bank. Well now micro finance has become an explosive you know, new industry and if all the poor in the world were able to get access to credit, imagine how much money could be injected into the informal economy, you know, there have been people who've actually tried to do some calculation with this, like Hernando de Soto, you know down in Peru and the numbers are staggering, right. That if these kinds of things begin to happen, if you could motivate a private sector based approach rather quickly you inject more investment capital into the developing world than all of the aid that's been given globally by all government since the end of World War II by far, by a factor of ten. So the ability to really bring this to bear quickly plus the investment can be made direct, right, you don't have to put it through central governments and then hope that it trickles down, when some of it may end up in Swiss Bank accounts or certainly where it doesn't belong. You can invest directly, right. The private sector based approach allows you to go direct and to build relationships on the ground directly and to do so in a way that could have the maximum impact and it's all about building livelihoods, about creating opportunity, about generating that kind of potential on the ground and sure it's also about opening up new markets, absolutely it's about that. So again it's shattering the tradeoff, that's what it's all about and incidentally, I think it's also ultimately, the only way that we address the growing problem of terrorism.