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When we think about promoting economic growth abroad, we tend to think along the traditional lines of international development — disaster or famine relief, for example, or building dams or other infrastructure. Yet, as Carl Schramm has pointed out, we have a model for economic growth — the entrepreneurial model — that has proved itself in the U.S., though it flies in the face of the central-planning mindset of the international development community. Schramm's recent retirement from the Kauffman Foundation, after 10 years as CEO, is the occasion for Dan Runde to reflect, for Foreign Policy, on the the role of the private sector in international grant making. Runde credits the Kauffman Foundation and Schramm, who is now a Growth Fellow of the George W. Bush Institute, for helping to bring about a rhetorical consensus on the key role that entrepreneurship can play in international development. But, Runde warns, at the same time, the "instruments, policies, and authorities needed" to make that consensus work internationally are incomplete. Read about the challenge to facilitating entrepreneurship abroad here.
Robert Asahina has been a newspaper and magazine editor and writer, a book publishing executive and editor, and a data management consultant. He was editor in chief and deputy publisher of Broadway Books, president and publisher of the adult publishing group of Golden Books, and vice president and senior editor of Simon and Schuster; deputy managing editor of The New York Sun and an editor at The New York Times Book Review, Harper's, George, and The Public Interest; and a consultant at Freddie Mac. He is the author of "Just Americans" and of numerous articles and reviews for The Wall Street Journal, Harper's, The New York Times Book Review, and elsewhere.