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A global culture of giving and social investing is developing. Business people and wealth holders are much more globalized. They are much more likely to have been educated at least partly outside their home country; they have global business interests, and global networks of friends and colleagues. So we’ve seen the emergence of interest in philanthropy in East and South Asia and Latin America and elsewhere.
Berman says, ‘All forms of giving and social investing are important. If everybody were working on the cure for something and nobody was working on treatment, the world would be a much more miserable place. In the end, that would slow down the development of the cure.’ Continue reading