The protean nature of philanthropy is one of its greatest assets | Michael Edwards | Global development | guardian.co.uk: In fact, the debate is heating up. On the one hand, there are those who, like Gates, favour large, targeted investments in social goods such as classrooms, drugs and loans, which provide an immediate sense of payback. On the other, there are those who favour longer-term support for the infrastructure of social change – for the institutions that determine who wins and who loses from the processes and politics of development.
Who is going to win? Hopefully neither side, since both approaches have much to offer in the century to come
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