Why the super-rich will not be saving the world?: Philanthropy and “privatization creep” in global development

Sally Heather Brooks; Arun Kumar

doi:10.1177/00076503211053608

Why the super-rich will not be saving the world? Philanthropy and “privatization creep” in global development

Sally Heather Brooks, Arun Kumar

Social Policy and Social Work

Research output: Contribution to journal › Article › peer-review

Abstract

Under multistakeholderism, private philanthropic foundations have played an increasingly influential role in global development. As part of which, foundations have promoted what we call “privatization creep” i.e., mainstreaming market-centric solutions to development. Sidelining redistributive approaches altogether, “privatization creep” favours profit-making over everything else, doing little to “save the world”.

Original language	English
Pages (from-to)	223-228
Number of pages	6
Journal	Business & Society
Volume	62
Issue number	2
Early online date	3 Dec 2021
DOIs	https://doi.org/10.1177/00076503211053608
Publication status	Published - 1 Feb 2023

Keywords

Global development
philanthropy
“privatization creep”

Access to Document

10.1177/00076503211053608Licence: CC BY-NC

00076503211053608
© The Author(s) 2021
Final published version, 132 KBLicence: CC BY-NC

Cite this

@article{28eb7dc03455407f9c54b9c298e54cbf,

title = "Why the super-rich will not be saving the world?: Philanthropy and “privatization creep” in global development",

abstract = "Under multistakeholderism, private philanthropic foundations have played an increasingly influential role in global development. As part of which, foundations have promoted what we call “privatization creep” i.e., mainstreaming market-centric solutions to development. Sidelining redistributive approaches altogether, “privatization creep” favours profit-making over everything else, doing little to “save the world”.",

keywords = "Global development, philanthropy, “privatization creep”",

author = "Brooks, {Sally Heather} and Arun Kumar",

year = "2023",

month = feb,

day = "1",

doi = "10.1177/00076503211053608",

language = "English",

volume = "62",

pages = "223--228",

journal = "Business & Society",

issn = "0007-6503",

publisher = "SAGE",

number = "2",

}

TY - JOUR

T1 - Why the super-rich will not be saving the world?

T2 - Philanthropy and “privatization creep” in global development

AU - Brooks, Sally Heather

AU - Kumar, Arun

PY - 2023/2/1

Y1 - 2023/2/1

N2 - Under multistakeholderism, private philanthropic foundations have played an increasingly influential role in global development. As part of which, foundations have promoted what we call “privatization creep” i.e., mainstreaming market-centric solutions to development. Sidelining redistributive approaches altogether, “privatization creep” favours profit-making over everything else, doing little to “save the world”.

AB - Under multistakeholderism, private philanthropic foundations have played an increasingly influential role in global development. As part of which, foundations have promoted what we call “privatization creep” i.e., mainstreaming market-centric solutions to development. Sidelining redistributive approaches altogether, “privatization creep” favours profit-making over everything else, doing little to “save the world”.

KW - Global development

KW - philanthropy

KW - “privatization creep”

U2 - 10.1177/00076503211053608

DO - 10.1177/00076503211053608

M3 - Article

SN - 0007-6503

VL - 62

SP - 223

EP - 228

JO - Business & Society

JF - Business & Society

IS - 2

ER -