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 to the world.
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