If you want to work in international development, says Charles Kenny, go work for a big, bad multinational company:

Kids today — they just want to save the world.

But there is more than one way to make the planet a better place. Here’s another option: Get an MBA and go work for a big, bad multinational company. Consider this: Over the past decade, foreign direct investment in Africa topped foreign aid — and in 2011 alone, by $7 billion. And unlike food handouts or free latrines, this kind of investment built factories, financed banks, and opened mines and oil fields, creating tens of thousands of jobs and transferring invaluable knowledge to the countries that need it most. That’s good news, because it is increasingly clear that new technologies are what’s driving improved quality of life in Africa, and new ways of doing business are vital to sustaining economic growth on the continent.

Yet there’s still a widespread feeling that multinationals are the rapacious, profit-obsessed spawn of globalization and free markets, running amok across the developing world. Some surely are. But think about how hard U.S. states compete to attract a Toyota factory. Or how happy Britain was when the Indian firm Tata bailed out its ailing steel industry. If multinationals can make that kind of difference in job creation and productivity in the rich world, consider the even greater role they play in poorer countries.

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  • http://www.slb.com/ Koshy Samuel

    There is no rocket signs to cut Complexity and simplify to save huge costs savings in Billions of US$ in every Industry around the World..If we do things slightly better the World becomes a better place to live spending much lower costs..Kids need develop Apps that help transactions take place direct from Producers to Buyers on a click.. allowing the analysis, ratings and selections made easier and fun ways to work..

  • http://www.slb.com/ Koshy Samuel

    There is no need for any MBA to save the World.. with some transparency, communication, collaboration and reporting things can certainly improve in the right direction..pro-actively pre-planning will save a lot of money to the world..